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NMDC arm Legacy Iron Ore to mine gold in Australia

Nov 6, 2023

By: BlinkX Research Team

India’s 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 an official statement on Sunday.

Nagendra Nath Sinha, Secretary, Ministry of Steel, has unveiled a groundbreaking ceremony for the Mining operations at Mount Celia Gold Project located in Western Australia.

This initiative, undertaken by Legacy Iron Ore Limited has been met with great anticipation and stands as a testament to the relentless dedication and commitment of NMDC in diversifying its mineral assets, said the Ministry.

Notably, this is the establishment of the first gold mine in NMDC's extensive portfolio, signifying a remarkable accomplishment for the organization.

The Ministry also mentioned that 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.