Wednesday, 11 December 2019

NMDC to set up a gold refinery in Tanzania next year

Updated: October 23, 2015 7:00 am

Public sector iron ore mining company NMDC Limited is planning to set up a small gold refinery in Tanzania next year. “Tanzania exploration is going to complete. We will start mining of gold ore and set up a small refinery next year. We will do a joint venture there and we are in final stage of negotiations in this regard,” Narendra Kothari, chairman and managing director of NMDC said. He however did not divulge the details of investment that was going into the project. It may be recalled that NMDC was granted mining leases for a ten year period at Bulyang’Ombe gold prospect in 2012 across a total area of 38.83 square kms.

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