State-owned NMDC’s subsidiary Legacy Iron Ore is poised to begin gold mining operations in Western Australia.
Legacy’s Mount Celia Gold Project will begin ore mining at Blue Peter pits within the subsequent two to a few months. “It is a watershed achievement for the 66-year-old NMDC as it adds a new geography and a new mineral to its portfolio,” India’s largest iron ore producer mentioned on Monday.
Steel Secretary Nagendra Nath Sinha, CMD (further cost) Amitava Mukherjee and Legacy CEO Rakesh Gupta on Sunday participated in a groundbreaking ceremony for the mining operations. The groundbreaking occasion marks the end result of a rigorous course of that concerned securing vital statutory approvals and finalising the mining contract with Bain Global Resources.
A launch from the Steel Ministry mentioned floor and mine infrastructure works have progressed quickly, setting the stage for ore mining to begin within the Blue Peter pits within the coming weeks. The first ore for processing at Paddington Gold Mine is scheduled for the primary quarter of 2024 and set to turn into a major contributor to India’s gold manufacturing panorama.