Company report
Summary Results
NMDC’s strongest performance area is Environmental Responsibility. The company has made a formal commitment to manage its environmental impacts systematically and shows evidence of having assigned responsibilities and resources to implement this commitment. NMDC also publicly discloses site-level air quality data, for some of its operations.
NMDC also sees some of its stronger results in Economic Development and Business Conduct. In Economic Development, the company has put in place programmes to enhance the national skills base and employability of local populations around its mine sites, including marginalised stakeholder groups. In Business Conduct, the company has made a formal commitment to an integrated, cross-departmental approach to business ethics, and shows some evidence of having assigned responsibilities for the implementation of this commitment.
Overall however, NMDC’s results are limited by a lack of evidence on Community Wellbeing. For example, no evidence was found of the company systematically carrying out human rights due diligence or reporting on its performance in managing human rights issues.
The maximum value of 1.000 represents the aggregation of best scores achieved for all indicators in a given thematic area, taking into account all companies’ results. As the aggregate best score varies from one area to another, these charts cannot be used to compare company performances across different areas.
All company results are based on public domain data that have been sourced by RMI analysts or provided by companies. In the case of a few companies, very little information was available. It is important to note that a low score may only reflect a lack of relevant information in the company’s publicly available documentation.
Relative company performance
Commitment (11 indicators)
Action (41 indicators)
Effectiveness (21 indicators)
Indicator-by-indicator results
Economic Development
A.01 National and Regional Socio-Economic Development Planning
A.02 Procurement
A.03 Capacity Building
A.04 Enhancing the National Skills Base
Selected Mine sites results
Mine sites individually assessed but not included
in the overall company score
| Mine Site Name | Local Procurement (score /6.00) | Local Employment (score /6.00) | Community grievance mechanism (score /6.00) | Workers grievance mechanism (score /6.00) | Water quality and quantity (score /6.00) | Biodiversity management (score /6.00) | Mine site (score /6.00) |
|---|---|---|---|---|---|---|---|
| Bailadila - Dep 10, 11 & 5 | 0 | 1 | 0 | 0 | 2 | 0 | 0.50 |
| Bailadila - Dep 14 & 14 NMZ | 0 | 1 | 0 | 0 | 2 | 0 | 0.50 |
| Donimalai | 0 | 1 | 0 | 0 | 2 | 1 | 0.67 |
| Kumaraswamy | 0 | 0 | 0 | 0 | 2 | 0 | 0.33 |
| Panna | 0 | 1 | 0 | 0 | 0 | 0 | 0.17 |
List of all mine sites
| Mine Site Name | Aliases | Country | Company's share (%) | Products | Mining types |
|---|---|---|---|---|---|
| Bailadila - Dep 10, 11 & 5 | India | 100 | Iron Ore | Open-pit | |
| Bailadila - Dep 13 | India | 100 | Iron Ore | Open-pit | |
| Bailadila - Dep 14 & 14 NMZ | India | 100 | Iron Ore | Open-pit | |
| Donimalai | India | 100 | Iron Ore | Open-pit | |
| Kumaraswamy | India | 100 | Iron Ore | Open-pit | |
| Panna | India | 100 | Diamond Carats | Open-pit |
Main Shareholders
| As of: 09/02/2018 | Shares (%) |
|---|---|
| Government of India | 72.43 |
| Life Insurance Corporation of India | 12.32 |
| LIC Mutual Fund Asset Management Company Ltd. | 2.02 |
| The Vanguard Group, Inc. | 0.82 |
| Grantham Mayo Van Otterloo & Co LLC | 0.22 |
| T. Rowe Price Associates, Inc. | 0.18 |
| SBI Funds Management Pvt. Ltd. | 0.16 |
| PGGM Vermogensbeheer B.V. | 0.14 |
| Robeco Institutional Asset Management B.V. | 0.14 |
| Kotak Mahindra Asset Management Company Ltd. | 0.12 |
| Mellon Capital Management Corporation | 0.1 |
| L&T Investment Management Limited | 0.09 |
| HDFC Asset Management Co., Ltd. | 0.08 |
| IDFC Asset Management Company Private Limited | 0.07 |
| Eastspring Investments (Singapore) Limited | 0.06 |
Known Subsidiaries
| As of: 31/03/2017 | Country |
|---|---|
| Bastar Railway Pvt. Ltd. | India |
| Chhattisgarh Mega Steel Ltd. | India |
| International Coal Ventures (Pvt.) Ltd. | India |
| Jharkhand Kolhan Steel Limited | India |
| Jharkhand National Mineral Development Corporation Ltd. | India |
| J & K Mineral Development Corporation Limited | India |
| Karnataka Vijaynagar Steel Limited | India |
| Kopano-NMDC Minerals (Proprietary) Limited | South Africa |
| Krishnapatnam Railway Company Ltd. | India |
| Legacy Iron Ore Limited | Australia |
| Neelachal Ispat Nigam Ltd. | India |
| NMDC-CMDC Ltd., Raipur | India |
| NMDC Power Limited | India |
| NMDC-SAIL Ltd. | India |
| NMDC-SARL, Madagaskar | Madagascar |
Known Tax Jurisdictions
| Australia | India |
Recent involvements in Investor/State investment disputes (since 2014)
Disclaimer
The findings, conclusions and interpretations within this 2018 Responsible Mining Index (RMI) report do not necessarily represent the views of funders, trustees, and employees of the Responsible Mining Foundation, and others who participated in consultations and as advisors to the report.
This report is intended to be for information purposes only and is not intended as promotional material in any respect. The report is not intended to provide accounting, legal, tax or investment advice or recommendations, neither is it intended as an offer or solicitation for the purchase or sale of any financial instrument. In order to fully understand the methodology of the 2018 Responsible Mining Index, the respective sections on the website should be consulted.
The RMI seeks evidence of companies’ policies and practices on economic, environmental, social and governance (EESG) issues, but does not seek to measure the actual outcomes achieved on EESG issues. Results are based only on evidence sourced from the public domain or provided by companies as open data. Whilst this information is believed to be reliable, no guarantee can be given that it is accurate or complete, nor does it preclude the possibility that policies and practices may exist, but which the RMI has not been able to consider for purposes of assessment. In this respect, the results of the low-scoring companies do not necessarily reflect a lack of relevant policies and practices; as they may be due to a lack of public reporting by the companies, limitations in accessing information, and/or any difficulties in accessing the RMI company portal.
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