MOIL gets green nod for opening new mine

State-run MOIL Ltd today said it has got green clearance for opening a new mine in Nagpur, Maharashtra.
"Company had applied for mining lease over 53.75 Ha. Land in Parsoda village, Tehsil Ramtek, Dist. Nagpur for opening a new mine," Moil Ltd said in a regulatory filing.
"In this regard, it is to inform that... Ministry of Environment, Forest and Climate Change (MoEF &CC) vide their letter dated July 31, 2015 have granted environmental clearance for the above area," the company said.
The said area is about 45 km from Nagpur and is very near to existing Munsar mine of the company, it said.

"As per approved mining plan, total 5.27 lakh tonnes of total reserves and resources is expected in the above area," it said.
Further, production of about 40,000 tonnes per annum is expected from this area, it added.
"The anticipated life of the mine based on the available proved and probable resources is 10 years. However, the same will increase after subsequent exploration during the ensuing mining plan period," it added.
At present, MOIL operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh, according to the company's website.