Bailadila iron ore Deposit13 being developed by JV NMDC

first_imgNew Delhi: State-owned NMDC Friday said Bailadila iron ore Deposit-13 is being developed under a JV, while making it clear that its mining lease will not be transferred to Adani Enterprises which is a mine-developer-cum-operator for the project. Deposit-13 is being developed by NCL — a JV between NMDC and Chhattisgarh Mineral Development Corporation (CMDC). NCL CEO V S Prabhakar said the lease holder for Deposit-13 is NCL and except for NCL, none can transfer the lease to anyone. Also Read – SC declines Oil Min request to stay sharing of documents”But some people having vested interest are spreading propaganda that the lease has been transferred to Adani Enterprises for a period of 25 years which is not true,” he said over phone. Adani Enterprises can only excavate iron ore and deliver it to the rail head, he added. In a statement, NMDC said the 10 mtpa capacity Bailadila iron ore Deposit-13 in Chhattisgarh is being developed under the JV NMDC-CMDC Ltd (NCL). NMDC holds 51 per cent in the JV, while CMDC holds 49 per cent.last_img