New Delhi: The State-owned steel Central Public Sector Enterprises, NMDC Limited, established the first gold mine in its extensive portfolio when its subsidiary, Legacy Iron Ore Limited undertook a groundbreaking ceremony for the Mining operations at Mount Celia Gold Project located in Western Australia, today. The ceremony was unveiled by Nagendra Nath Sinha, Secretary, Ministry of Steel, Government of India, the Ministry of Steel stated here today.
The initiative, the Ministry of Steel stated, has been met with “great anticipation” and stands as a testament to the “relentless dedication and commitment” of the NMDC in diversifying its mineral assets.
“This groundbreaking event also represents the culmination of a rigorous process that involved securing all necessary statutory approvals and finalizing the mining contract with Bain Global Resources,” the Ministry stated. It mentioned that the surface and mine infrastructure works have progressed rapidly, setting the stage for ore mining to commence in the Blue Peter pits in the coming weeks.
The first ore for processing at Paddington Gold Mine is scheduled for CYQ1, 2024, and it is poised to become a significant contributor to India’s gold production landscape, the Ministry stated here. It added: “The Ministry of Steel is proud to share this remarkable milestone, as NMDC, a Public Sector Undertaking (PSU) under the Ministry of Steel, continues to play a pivotal role in strengthening India’s mining and mineral resources sector.”
– global bihari bureau
