Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The local government of east Indian province of Orissa has firmed up plans for a joint venture (JV) with the country’s largest iron-ore miner NMDC Limited to explore resources in the region. Orissa Mineral Corporation (OMC), the provincial government’s mineral exploration and production arm, would represent the local government in the JV with NMDC, for which an initial investment of $481-million had been lined up.
The local government of east Indian province of Orissa has firmed up plans for a joint venture (JV) with the country’s largest iron-ore miner NMDC Limited to explore resources in the region. Orissa Mineral Corporation (OMC), the provincial government’s mineral exploration and production arm, would represent the local government in the JV with NMDC, for which an initial investment of $481-million had been lined up.
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