Millennium Post

Raj likely to re-auction 400 small mining leases in 2015

 Rajasthan may put about 400 small size mining leases of minerals like granite, marble and quartz under the hammer in 2015 as it looks to expand its area <g data-gr-id="35">under mining</g> as well as increase revenue.

The state, which accounts for 9 <g data-gr-id="26">per cent</g> of total mineral production in the country, is also exploring joint ventures (JV) with <g data-gr-id="27">multi national</g> companies (MNCs) to expand the land <g data-gr-id="28">under mining</g> from 0.54 per cent to 1.5 per cent with focus on 22 unexploited minerals.

"The State government is likely to put about 400 small size (4 hectare and above) mining leases of 
mineral Granite, Marble, Quartz and Feldspar for re-auction in the current calendar year," Rajasthan Principal Secretary Mines Ashok Singhvi told PTI.

Besides, the state -- a major player in mineral production -- is likely to auction 10 lignite blocks in this fiscal as it plans to enhance power generation capacity.

Singhvi further said: "To increase the land under mining from 0.54 per cent to 1.5 per cent the State Government with this available resource is exploring the unexplored areas as well as by entering into JVs with MNCs for exploration and prospecting."

Under a policy released last week, Rajasthan aims to increase land under mining from 0.54 per cent to 1.5 per cent, increase revenue from such activities and raise the number of minerals to be mined from 57 to 79.

According to Rajasthan Mineral policy 2015, to increase the number of minerals <g data-gr-id="31">under mining</g> from 57-79 the government has allowed several minerals, which were earlier reserved for exploitation by public sector only to be explored and mined by private firms also, like Potash and steel grade Dolomite.

"Furthermore, it is encouraging the mining of the associated minerals which are available in association with base metals in the operational mining leases. 
PTI

PTI

Our contributor helps bringing the latest updates to you


Share it
Top