India says NMDC subsidiary Legacy Iron Ore to mine gold in Australia (updated)

Legacy Iron Ore

05/11/2023 16:01

(Adds details in paragraph 2-4)
       Nov 5 (Reuters) - Indian state-owned iron ore miner NMDC
Ltd's  NMDC.NS  subsidiary Legacy Iron Ore Ltd is set to mine
gold in western Australia, India's government said in a
statement on Sunday.
    NMDC will commence its mining operation at the Mount Celia
gold project located in western Australia, the government said,
adding it will be first gold mine in its extensive portfolio. 
    "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,"
the statement added. 
    Reuters reported in May, citing sources, that NMDC was in
talks with Australia's Hancock Prospecting Pty Ltd for lithium
exploration and mining.  

 (Reporting by Nilutpal Timsina in Bengaluru and Neha Arora;
Editing by Hugh Lawson and Alexander Smith)
 ((Nilutpal.Timsina@thomsonreuters.com; +91 86382 04706;))