"Work agreement had been entered into between KIOCL Ltd and Dept of Mines & Geology, Govt of Karnataka...for carrying out mineral exploration by KIOCL Ltd for manganese and iron ores in nine identified blocks in Bellary and Chitradurga districts of Karnataka at a total estimated cost of Rs 81.53 crore plus GST," the state-owned firm said in a BSE filing.
NMDC is holding four mining licences covering over 38. 8 square kilometres in Tanzania.
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