Gujarat govt’s GMDC inks MoU with NMDC to explore rare earth elements

Government of Gujarat enterprise Gujarat Mineral Development Corporation (GMDC) has entered into an MoU with central public sector enterprise NMDC to explore opportunities for collaboration in the Rare Earth Elements (REE) sector.

Both organisations, under the MoU, will work together to evaluate opportunities for technical collaboration, project development and potential business structures.

The focus will be assessing the potential development of an integrated rare earth value chain in Gujarat, including exploration, mining, beneficiation, processing and downstream applications. The engagement will primarily explore opportunities associated with GMDC’s Ambadungar Rare Earth deposit.

The partnership is also expected to facilitate knowledge exchange, technical evaluation and coordinated efforts towards advancing rare earth resource development, GMDC said on Monday.