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20 Microns provides update on mining activity in Bhuj, Kutch

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Capital Market

Receives order from Geology and Mining Department, Bhuj

20 Microns announced that the Company received an Order dated August 06, 2016, on 11 August 2016, from Geology and Mining Department, Bhuj, Kutch for excavating the mine beyond the approved lease area, situated at Survey No. 483, Mamuara, Bhuj, Kutch. The aforesaid Department has levied penalty of Rs. 4.19 crore and the Company has decided to file appeal/legal course against the order of the Geology and Mining Department as the company has carried out mining as per the approved mine plan.

Further the Company has informed that, the Company's Mining activity at other Mines is going on, therefore do not have impact on the business of the Company.

 

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First Published: Aug 12 2016 | 6:41 PM IST

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