“Daily updated mining exploration news on coal mining” —-National Mineral Development Corp. or NMDC said the company would initially invest Rs.1,000 crore to develop a coal mining project in Birbhum in West Bengal, media reported.

A Memorandum of Understanding was signed on Tuesday with the West Bengal Mineral Development and Trading Corp. for starting coal mining activities and supplying iron ore and bauxite.

NMDC’s Chairman and Managing Director Rana Som said initial investment would be spent on land acquisition and purchase of heavy earth moving machinery. NMDC already holds two coal blocks in Madhya Pradesh. The Birbhum block is yet to be allotted. He also said that the mine would need technology and NMDC might partner with a foreign player if required.

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