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Iron ore mining major NMDC Ltd and Kopano Logistics Services (Proprietary) Ltd have established a 50:50 joint venture company by the name Kopano-NMDC Minerals (Pty) Ltd with the objective of undertaking exploration and development of mineral properties in South Africa.
The board meeting of Kopano-NMDC Minerals (Pty) Ltd was held earlier this week at Hyderabad.
Speaking about the venture, NK Nanda, Director (Technical), NMDC and Deputy Chairman of the joint venture company, stated that with clarity appearing on the new mining law 2018 of South Africa, the joint venture company is actively scouting for exploration and development of various mineral assets in South Africa.
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