NMDC and MOIL will conduct mining survey in Madhya Pradesh

MoU signed in presence of Chief Minister Mr. Chouhan

lead28-10-16Bhopal, October 28, 2016 (Muslim Saleem):  Company of Government of India, National Mineral Development Corporation (NMDC) and Manganese Ore India Limited (MOIP) will carry out mining survey in Madhya Pradesh. Today, in presence of chief minister Mr. Shivraj Singh Chouhan, MoUs were signed between the companies and State Mining Development Corporation. Chairman of State Mining Development Corporation Mr. Shiv Chobey and vice chairman Mr. Giriraj Kishore were present there.  The Chief Minister said that mining sector in the state has huge potential. Survey is necessary to increase availability of minerals and identification of possible mining areas. It was informed that the survey will be conducted with the advice of State Mineral Development Corporation and Directorate, mining. NMDC and MOIL will bear expenditure of the survey and finding out. Rs 250 crore would be spent on survey by the companies. Joint companies will be formed on certification of mineral availability. It will be 51 percent share of NMDC and MOIL and rest 49 will be capital of State Mineral Development Corporation.  Mining Secretary Mr. Manohar Dubey and director Mr. Vinit Austin signed MoU on behalf of State Mineral Development Corporation and Director of NMDC Mr. PK Satpathi and director of MOIL Mr. TK Patnaik.

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