NMDC subsidiary Legacy Iron Ore to mine gold in Australia

State-owned iron ore miner NMDC Ltd's subsidiary Legacy Iron Ore Ltd is set to mine gold in Western Australia, the government said in a statement on Sunday.

• Also read: NMDC eyeing partners to tap lithium mining in Australia

NMDC will commence its mining operation at the Mount Celia gold project located in Western Australia, the government said, adding it will be first gold mine in its extensive portfolio.

"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 statement added.

• Also read: Kerala becomes the first State to have hallmarking centres in all districts

Reuters reported in May, citing sources, that NMDC was in talks with Australia's Hancock Prospecting Pty Ltd for lithium exploration and mining.

COMMENT NOW