GMDC invites global bids for valuation of assets at Ambaji

State-run Gujarat Mineral Development Corporation has invited global bids for the valuation of its mining assets and mineral ore reserves at Ambaji in Gujarat.

"We have invited global bids under the multi-metal project for getting valuation of our assets in Ambaji done. Once the valuation is through, we can begin mining of huge deposits of lead, zinc and copper there," a senior GMDC official told PTI today. "Since part of the reserves in Ambaji fall in the state of Rajasthan, we inked MoUs with the Rajasthan State Mineral Development Corporation and private company Binani group way back in 2002-03 to make the project economically viable," he added.

After clubbing the deposits falling in both the states multi-metal project has turned to be economically feasible, the GMDC official said. "A large-scale plant, using ore and mineral deposits at Ambaji and adjoining areas of Rajasthan, would be built for the preparation of concentrates of lead, zinc and copper," he said. An American agency has already extended assistance of USD 5,00,000 to prepare a comprehensive feasibility report and analysis of raw ore at Ambaji, sources said.