Millennium Post

NMDC ties up with Zimbabwe’s Mosi OA Tunya for mineral project

State-controlled mineral producer of the country National Mineral Development Corporation (NMDC) signed the Memorandum of Understanding (MoU) with Mosi OA Tunya Development Company of Zimbabwe under the administrative control of Ministry of Tourism and Hospitality Industry, Government of Zimbabwe  to develop mineral assets overseas to secure raw materials for the steel industry.

The MoU was signed by Atul Bhatt, Executive Director (Business Development) on behalf of NMDC and  Mukahanana-Sangarwe, chairperson on behalf of Mosi OA Tunya Development Company in presence of the Board Members of NMDC.

The designated organization of the Ministry of Tourism and Hospitality Industry, Government of Zimbabwe has invited National Mineral Development Corporationas a strategic partner to invest in the exploration and development of the iron ore, coal, gold and chrome tenements. This MoU will provide exclusivity to NMDC for participation in mineral projects at Zimbabwe.

Speaking on the occasion,  C S  Verma, Chairman and Managing Director NMDC said ‘The signing of this MoU today is a significant step towards ensuring augmentation of NMDC’s mineral reserves and  globalisation of its operations.’

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