India’s state-owned mining giant NMDC announced on Tuesday that it is actively exploring acquisition opportunities for critical minerals in Africa, Australia, and South America. The initiative is part of the company’s broader strategy to diversify its global mineral portfolio.
As part of this international expansion, NMDC inaugurated a new office in Dubai on Monday. The office will serve as a hub for tracking developments in the mineral sectors of Africa and Australia.
It will also focus on identifying potential mineral assets and conducting due diligence.
In April, NMDC Chairman Amitava Mukherjee stated that the company is particularly interested in acquiring assets related to lithium, iron ore, copper, and cobalt in Africa.
Additionally, NMDC is evaluating opportunities in coking coal in Indonesia and Australia.
India’s push for critical minerals has gained momentum in recent years. In 2023, the country’s Secretary of Mines, V.L. Kantha Rao, revealed that NMDC and Coal India were assessing lithium mining prospects in Chile and Australia.
Also in 2023, NMDC’s Australian subsidiary, Legacy Iron Ore, signed a lithium exploration agreement with Hancock Prospecting Pty Ltd, further strengthening its foothold in the region’s critical mineral sector.
About the Author
