Press Information Bureau
Government of India
Ministry of Mines
07-December-2010 16:34 IST
NALCO Joint Ventures Abroad
The Minister of Mines and Development of North Eastern Region Shri B.K. Handique has said, National Aluminium Company Limited (NALCO) has informed that the Company has not identified any specific mineral assets in Chile, Namibia and Indonesia. However, the Company is exploring acquisition of minerals assets, particularly bauxite, copper, coal and uranium in various countries including Chile, Namibia and Indonesia. No separate venture has been floated by the Company.

In a written reply in the Lok Sabha today he said, Ministry of Mines signed Memorandum of Understanding (MoU) with Chile and Namibia for cooperation in the field of Geology and Mineral Resources. These MoUs inter alia envisage promotion of investment in the areas of mining and mining related activities.