The Madhya Pradesh government has accorded a prospecting licence for diamond mining to an exploration and production subsidiary of Reliance Industries Limited.
Following the licence the subsidiary will be able to prospect over an area of 1800 square kms spread over the Rewa , Sidhi and Satna districts in Madhya Pradesh.
Reliance plans to pump in about Rs 1000 crore in the prospecting work and it is the second private sector company to venture into diamond prospecting in Madhya Pradesh after Australian mining major, Rio Tinto.
Yesterday, the Madhya Pradesh Mining Director, R K Sharma handed over the prospecting licence for diamond to RIL CGM, G K Mohapatra in Bhopal.
Besides diamond, the prospecting licence includes permission for other minerals like gold, copper, lead, zinc and silver.
The licences have been issued in two parts, one for an area of 1084 square kms and another for an area of 735 square kms in the three districts.
Source: Economic Times
____________________________________________________________________
Posts
4 comments:
It’s a is a positive development for the company. Besides diamond, the prospecting licence also includes permission to mine for other minerals like gold, copper, lead, zinc and silver.
The prospecting work could provide an economic fillip to the backward Bundelkhand region. Nearly 500 persons would be directly engaged in prospecting while about 2000 would be indirectly gaining from the project.
The Mineral Resources Department has informed the Union Ministry of Mines that the company, as per an undertaking shall not violate the Indian Forest Act and the Forest Conservation Act, 1980
what a post. Nice info
Post a Comment