Ann: Corporate Presentation, page-83

NMDC march 2015
NMDC September 29th 2015 Annual AGM
expecting further positive developments, after day of attonement.
hopefully only fireworks will be increase of sp to 10c on approval by Indian Government.

8.2.4 R&D for alternative iron making technology

NMDC is exploring the option to enter into an area of iron making R&D
jointly with M/s ECT (Environment

Clean Technologies) Limited, an ASX listed company in Melbourne,
Australia which has developed and patented MATMOR technology and
Neyveli Lignite Corporation. This technology, aimed at upgradation of
low grade iron ore and steel mill waste, will be developed jointly as
an alternative to the traditional steel making process and will use
lignite in place of metallurgical coal. At present advanced lab scale
testing to establish the process engineering and feasibility of the
process is underway.

September 2015
Significant changes in the state of affairs page 11 of 63.

Thhttp://www.ectltd.com.au/wp-content/uploads/ECT-Financial-Report-2015-signed-FINAL.pdf
ALL IMO please do own research