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National Mineral Development Corporation Crunchbase National Mineral Development Corporation engages in the mining of Iron ore,Magnesite,and Diamonds.NMDC has made valuable and substantial contribution to the National efforts in the mineral sector during the last five decades and has been accorded the status of scheduleA Public Sector Company. Minnesota Iron Mining The Iron Mining Association (IMA) of Minnesota promotes a healthy iron ore industry that will continue to benefit northeastern Minnesota as well as the entire state.It's an industry our communities,state and country depend on today and into the future. 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CHART: The breakeven iron ore prices for major miners in. Courtesy of Citibank’s multi asset research team comes this excellent chart that looks at the bank’s estimated all in breakeven rates for major seaborne iron ore producers in 2016.