The Ministry of Mines is expected to clear several proposals submitted by Indian and International players in areas of prospecting, exploration and ore mining which was there in pipeline for quite long. The companies directly benefits from this are Tata Steel Ltd and global diamond giant De Beers whose proposals has been forwarded to Andhra pradesh''s government for further action.
De Beers applied for license for diamond and other allied minerals in the Kurnool and Gooty reserve forests in Andhra Pradesh covering an area of over 60 square kilometers. Further, Tata Steel applied for 35 sq. km. of mining leases for rutile, manganese ore and illemenite in the Vizainagram and Srikakulam areas.
The Ministry of Mines has cleared prospecting proposals submitted between 2000 and December 2008. Almost 280 companies have received approvals covering an area of more than 390,308 sq. km. This move is seen as a step by India''s government to clear out backlog of proposals and expedite the operations of mining projects in the country.
De Beers applied for license for diamond and other allied minerals in the Kurnool and Gooty reserve forests in Andhra Pradesh covering an area of over 60 square kilometers. Further, Tata Steel applied for 35 sq. km. of mining leases for rutile, manganese ore and illemenite in the Vizainagram and Srikakulam areas.
The Ministry of Mines has cleared prospecting proposals submitted between 2000 and December 2008. Almost 280 companies have received approvals covering an area of more than 390,308 sq. km. This move is seen as a step by India''s government to clear out backlog of proposals and expedite the operations of mining projects in the country.
No comments:
Post a Comment