About CMDC
The State's Chhattisgarh Mineral Development Corporation Ltd. (CMDC), singly or in joint venture, undertakes scientific exploration, commercial exploitation and viable trading of minerals in the State. Chhattisgarh, along with two other Indian States has almost all the coal deposits in India, which has led to its 'power hub' strategy. All the tin ore in India is in Chhattisgarh. A fifth of iron ore in the country is here, and one of the best quality iron ore deposits in the world is found in the Bailadila mines in south Chhattisgarh, from where it is exported to Japan.
Rich deposits of Bauxite, Limestone, Dolomite and Corundum are found in the State. The State is lucky to have large deposits of coal, iron ore and limestone in close proximity, making it the ideal location for the lowest cost of production.
There is great scope for private participation in the mining sector in Chhattisgarh. The State's Mineral Policy, 2001 has created a conducive business environment to attract private investment, both domestic and international. Procedures have been simplified and there is complete transparency in decision-making.
History of CMDC
CMDC Limited was incorporated under Section-21 of the Companies Act, 1986 by the Registrar of Companies on 07-06-2001. The State's Chhattisgarh Mineral Development Corporation (CMDC), singly or in joint venture, undertakes scientific exploration, commercial exploitation and viable trading of minerals in the State.
Objectives
The main objective of the Company is to search major and minor minerals and precious stones in the State of Chhattisgarh and to acquire mining rights for exploration and exploitation of minerals and development of mines.
Mission
To enhance the production of minerals through exploration and exploitation of mineral resources, establishment and promotion of mineral-based industries, exploration of new mining areas in Chhattisgarh, and to lead the mining sector of the State towards a safe and sustainable future.
Vision
To strengthen the mineral sector of Chhattisgarh by adopting scientific mining practices, ensuring sustainable development, encouraging private participation, and maximizing value addition to mineral resources.