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P 72 https://www.nmdc.co.in/Handlers/GetLatestAnnualReport.ashx

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Technology Absorption: - Efforts being explored byIMMT Bhubaneswar1.0 TECHNOLOGY ABSORPTION PROJECTS:-R&D for alternative Iron making Technology:A pilot plant for iron making by adoption of MATMORtechnology is envisaged in Research Collaboration modebetween NMDC, NLC and ECT. The MATMOR technologyis a unique alternate iron making method for producinghigh-quality iron from inexpensive, abundant Lignite(brown coal) and high or low grade iron ore/ mill scaleetc; technology patent is owned by M/s ECT, Australia.The MoU for Research Collaboration on COLDRYMATMOR Pilot plant project was signed on 30 May2018 at Canberra, Australia in presence of Dr A MGondane, Hon’ble high commissioner of India toAustralia. The MoU will set out the understanding ofthe Parties for the development of the Pilot Projectand includes provisions with respect to formation andcapitalization of the Project SPV, execution of severalagreements at different stages of the implementationof the Pilot Project, and licensing and sub-licensingof IP as contemplated for the Pilot Project followedby construction, commissioning and operation andmaintenance of the Pilot Project.