Back in black, GMDC plans lignite expansion, entry into rare earths

Back in black for FY22, state-run Gujarat Mineral Development Corporation (GMDC) has chalked out growth plans by not just tapping deeper into its lignite mining business but also foraying into rare earth elements (REE) mining.

The mining company has roped in the Boston Consulting Group (BCG) for its strategic transformation, apart from McKinsey & Co. for the development of REE assets, said Roopwant Singh, IAS, Managing Director, GMDC.

"GMDC has delivered its best-ever annual results over the last five years and is the second-best in the company's entire life so far. Over the next few years, our focus will be to realise