Bailadila Iron Ore Deposit 4

closed

Economic/Social Impact of the Project NMDC-CMDC Limited [NCL] is a Joint Venture company between NMDC Limited and Chhattisgarh Mineral Development Corporation Limited [a C.G. State PSU] with equity ratio 51percentage- 49percentage respectively. NCL was incorporated on 1/7/2006. The objective of NCL is to develop, explore, raise and sell Iron ore and any other mineral allocated by Government of India, Earlier, NMDC explored Bailadila Dep-4 in Bailadila range of hills in south Bastar Dantewada district, Chhattisgarh and proved 109 million tons of mineral. Original date of completion was 13/01/2014. Ministry of Mines, GoI vide Gazette Notification dated 30/09/2019 and 18/2/2021 reserved Bailadila Deposit-4 over an area of 646.596 ha in favour of NMDC-CMDC Ltd [NCL] under sub-section [1A] of section 17A of the MMDR Act 1957 for Prospecting and Mining operation for 5 years. Under Secretary, MRD, GoCG has issued LOI vide letter dated 26/06/2021 and 7/8/2021 in favour of NCL. Approval of Mining Plan obtained from IBM, Raipur on 24/09/2021. Obtaining statutory clearances i.e Environment and Forest are in process. Project cost is Rs.4091.33 Cr. However, timelines for implementation will be framed post grant of statutory clearances and subsequent grant of Mining lease and lease deed registration.