The Bihar government is preparing to auction mining rights for minerals such as limestone, vanadium-bearing magnetite ilmenite, magnetite and glauconite that have been discovered in various non-forest areas of the state, a senior official said on Thursday. Explorations near Patalganga in Gaya, parts of Rohtas district and Majos in Jamui district found the presence of millions of tonnes of mineral reserves, according to an official document seen by PTI. "The state government will engage SBI Capital Markets (SBICAPS) as the transaction advisor for the auctions, and also to suggest the terms and conditions based on which the auctions would be held," Additional Chief Secretary and Mines Commissioner Harjot Kaur Bamhrah told PTI. "Undoubtedly, the discovery of such critical minerals in non-forest areas of the state is a matter of great satisfaction. We don't have to seek permission from authorities concerned before initiating exploration activities as these deposits are not in forest ...
Chinese authorities said Saturday that 14 people had died and one remained missing after a flood at an iron mine earlier this month. The search and rescue operation has ended and an investigation into the cause of the September 2 flood is underway, the Tangshan city government said in a brief statement. The mine is about 160 kilometers (100 miles) east of Beijing in Hebei province. Hebei is a major producer of iron ore and steel.
While the company has had no major capital expenditure for the current fiscal, for FY23, it plans to set up a 100,000 tonne plant at Kaliganagar, capex for which is about Rs 550 crore
The government is trying to bring every level of private participant in the exploration sector all over the world to come and work in India
The government has auctioned a total of six non-coal mines till date