NMDC expands its mineral portfolio with inauguration of Mount Celia Gold Operation; Becomes 1st Gold mine in its extensive portfolio
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Source: The post is based on the article NMDC expands its mineral portfolio with inauguration of Mount Celia Gold Operation; Becomes 1st Gold mine in its extensive portfolio published in “PIB” on 6th November 2023

Why in the News?

Secretary, Ministry of Steel has unveiled the Mining operations at Mount Celia Gold Project located in Western Australia. 

What is the Mount Celia Gold Project?

SpecificationsDetails
What is itIt is a gold mining project
Located atWestern Australia
Initiative of Legacy Iron Ore Limited, a subsidiary of NMDC Ltd (State-owned Steel CPSE)
SignificanceThis is the first gold mine project of NMDC

What is NMDC?

AspectsDetails
Established in1958
TypeNavratna Public Sector Enterprise 
UnderMinistry of Steel
FunctionsInvolved in the exploration of minerals like iron ore, copper, limestone etc.
Significance1.It is the single largest producer of iron ore in India.
2.It operates the only mechanized diamond mine in India at Panna, Madhya Pradesh.
Located atHyderabad, Telangana

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