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It was established in 1974 with an authorized capital of Rs. 1,000 million to expand and help mineral development activities in the country.
Iron Ore. Iron ore is one of the top five minerals that are found in the country. Pakistan is known to have an estimated 1.427 billion tonnes of reserves of different grades. The Kalabagh iron reserves are one of the largest reserves that the country possesses with around 350 million tonnes.
As a successor of Pakistan Industrial Development Corporation (PIDC), the Pakistan Mineral Development Corporation (PMDC) was established in 1974. Since then, it has operated in an autonomous capacity under the administrative control of the Ministry of Energy (Petroleum Division), Government of Pakistan.
PMDC headquarters are in Islamabad. The company operates salt mine/quarries, coal mines and a silica sand quarry. This company conducts exploration of mineral deposits and prepares technical and economic feasibility reports.
The Khewra Salt Mines is owned by Pakistan Mineral Development Corporation, the Lakhra Collieries Project is owned by Pakistan Mineral Development Corporation;Government of Sindh;Water and Power Development Authority (Wapda) and the Shahrigh Coal Mines is owned by Government of Pakistan.
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Pakistan has the worlds 2nd largest salt mines and 5th largest copper and gold reserves, and 2nd largest coal deposits, as well as estimated billions barrels of crude oil.