Headquarters
    India
    Stock Exchange Listings
    NSE: NMDC
    Workforce
    Employees: 5,382 (31/12/2018)
    Contract workers: 10,791 (31/12/2018)
    Total: 16,173 (31/12/2018)
    Geographic Footprint
    Producing countries: 1
    Known tax jurisdictions: 4
    Revenues (in BUSD)
    Total Revenue: 1.757 (31/12/2018)
    Net Income: 0.67 (31/12/2018)
    State Ownership
    India: 72.28
    2017 Fatalities
    Total worker fatalities: 0
    • Employees: Not reported
    • Contract workers: Not reported
    Others: Not reported
    2018 Fatalities
    Total worker fatalities: 0
    • Employees: Not reported
    • Contract workers: Not reported
    Others: Not reported
    Home countries, where the company is headquartered
    Producing countries, where the company has mining operations
    Mine sites selected for mine-site-level assessment

    Summary of Results


    Absolute results remain low overall and NMDC’s results are largely dependent on the commitments it has made: on preventing bribery and corruption, ensuring safe and healthy working conditions, and systematically managing its environmental impacts.

    NMDC ranks 19th among the 38 companies on its mine-site-level results, with an average score of only 11%.

    In the company-wide assessment, NMDC’s overall results are below the average across all 38 companies in all six thematic areas, and the company’s results are limited by a lack of evidence of action on some key issues, including human rights. While the company mentions its commitment to respecting human rights (though shows no evidence of a formal, endorsed commitment on this), there is no evidence of it conducting any human rights due diligence processes, or assessing and addressing the risks of child labour or forced labour in its operations and supply chains. Likewise, there is no evidence of NMDC planning for the management of post-closure transition for workers and affected communities, assessing and addressing any adverse impacts on land use and land access by affected communities, or disclosing information on the location and safety of its tailings storage facilities.

    Moreover, the results of two of the five NMDC mine sites are strikingly weak. Neither of these mine sites show any relevant evidence on six of the ten issues covered: local employment, post-closure planning, community grievances, worker grievances, tailings management and emergency preparedness.

    Overall results

    Economic Development

    1.14 / 6.002020
    0.80 / 6.002018

    Business Conduct

    1.36 / 6.002020
    0.74 / 6.002018

    Lifecycle Management

    0.21 / 6.002020
    0.06 / 6.002018

    Community Wellbeing

    0.37 / 6.002020
    0.19 / 6.002018

    Working Conditions

    1.01 / 6.002020
    0.56 / 6.002018

    Environmental Responsibility

    0.69 / 6.002020
    0.99 / 6.002018

    Average Mine-Site Score

    11.3%2020
    2020
    1.14
    score / 6
    2018
    0.80
    score / 6

    Economic Development

    2020
    1.36
    score / 6
    2018
    0.74
    score / 6

    Business Conduct

    2020
    0.21
    score / 6
    2018
    0.06
    score / 6

    Lifecycle Management

    2020
    0.37
    score / 6
    2018
    0.19
    score / 6

    Community Wellbeing

    2020
    1.01
    score / 6
    2018
    0.56
    score / 6

    Working Conditions

    2020
    0.69
    score / 6
    2018
    0.99
    score / 6

    Environmental Responsibility

    2020
    11.3
    %

    Average Mine-Site Score

    Results per measurement area

    Commitment

    (9 indicators)

    Action

    (42 indicators)

    Effectiveness

    (20 indicators)

    Results per indicator

    Economic Development

    Mine-site Results

    Mine sites selected for individual assessment (but not included in the overall company score)
    Bailadila - Dep 10, 11A & 5Bailadila - Dep 11B, 11C, 14 & 14 NMZDonimalaiKumaraswamyPanna
    Local Employment
    (score /3)
    0.00.00.00.00.0
    Local Procurement
    (score /3)
    1.01.00.50.01.5
    Post-Closure Plans
    (score /3)
    0.00.00.00.00.0
    Community Grievances
    (score /3)
    0.00.00.00.00.0
    Worker Grievances
    (score /3)
    0.00.00.00.00.0
    Air Quality
    (score /3)
    1.00.51.01.00.0
    Water Quality
    (score /3)
    1.51.01.51.50.0
    Water Quantity
    (score /3)
    1.01.01.00.01.0
    Tailings Management
    (score /3)
    0.00.00.00.00.0
    Emergency Preparedness
    (score /3)
    0.00.00.00.00.0
    Mine-site Score
    (%)
    15.011.713.38.38.3

    Operational mine sites

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
    Bailadila - Dep 10, 11A & 5Bailadila Bacheli ComplexIndia100Iron OreOpen-pit
    Bailadila - Dep 11B, 11C, 14 & 14 NMZBailadila Kirandul complexIndia100Iron OreOpen-pit
    Bailadila - Dep 13-India100Iron OreOpen-pit
    Donimalai-India100Iron OreOpen-pit
    Kumaraswamy-India100Iron OreOpen-pit
    Panna-India100Diamond CaratsOpen-pit

    Shareholders (known)

    As of: 31/10/2019Shares (%)
    State of India72.28%
    Life Insurance Corporation of India12.89%
    Aditya Birla Sun Life AMC Limited1.15%
    The Vanguard Group, Inc.0.83%
    SEB Investment Management AB0.27%
    Mellon Investments Corporation0.21%
    State Street Global Advisors (UK) Ltd.0.16%
    Robeco Institutional Asset Management B.V.0.15%
    Schroder Investment Management Ltd. (SIM)0.15%
    Mackenzie Financial Corporation0.13%
    PGGM Vermogensbeheer B.V.0.12%
    California Public Employees' Retirement System0.11%
    SBI Funds Management Pvt. Ltd.0.08%
    ICICI Prudential Asset Management Co. Ltd.0.06%
    DSP Investment Managers Pvt. Ltd.0.06%

    Beneficial Owners (known)

    As of: 31/03/2018Shares (%)
    State of India72.43
    Dr. Narendra K. Nanda<0.01%
    Shri Pradip Bhargava<0.01%

    Subsidiaries (known)

    As of: 31/03/2018Country
    Bastar Railway Pvt. Ltd.India
    Chhattisgarh Mega Steel Ltd.India
    International Coal Ventures (Pvt.) Ltd.India
    Jharkhand Kolhan Steel LimitedIndia
    Jharkhand National Mineral Development Corporation Ltd.India
    J & K Mineral Development Corporation LimitedIndia
    Karnataka Vijaynagar Steel LimitedIndia
    Kopano-NMDC Minerals (Proprietary) LimitedSouth Africa
    Krishnapatnam Railway Company Ltd.India
    Legacy Iron Ore LimitedAustralia
    Neelachal Ispat Nigam Ltd.India
    NMDC-CMDC Ltd., RaipurIndia
    NMDC Power LimitedIndia
    NMDC-SAIL Ltd.India
    NMDC-SARL, Madagaskar Madagascar

    Tax Jurisdictions (known)

    Australia

    India

    Madagascar

    South Africa

    Investor / State Disputes
    (since 2014)

    No case