Stocks are full of diamonds and gold, gold birds can rebuild the country

Gold mines auctioned for the first time in the country

Bhopal. Madhya Pradesh has super reserves of diamond gold in the country. If these reserves are taken out, then the proverb that’s mentioned for India can be attribute once more. With these priceless reserves, the country can as soon as once more turn into a gold chook. Talking about diamond and gold mines, there’s storage of 976.05 thousand carat diamond in Panna alone of Madhya Pradesh. Apart from this, reserves of about 10, 45000 carats are estimated in Damoh, Chhatarpur, Satna districts of Madhya Pradesh. A 34.20 million carat diamond mineral deposit has been estimated in the mineral section at Bandar Heera Project in Bakswaha. The estimated mineral useful resource worth of which is about 60 thousand crores. The similar 60 thousand crore diamond zone was found in Chhatarpur.

Talking about the similar gold mines, in two districts of Madhya Pradesh, big reserves of gold have been discovered, during which Imaliya of Katni and Chakariya of Singrauli have discovered gold reserves value greater than 200 crores. Katni has an Imlia mine on 6.5 hectares and a fruit Chakariya mine in Singrauli has an space of ​​23.57 hectares. These mines have been auctioned by the state authorities. These two mines have been auctioned for 177 crores. From which the authorities will get a income of 19 crore rupees.


Gold mines auctioned for the first time in the country
For the first time in the country, gold mines have been auctioned in Madhya Pradesh. These mines have been given to firms for 50 years, however they should get mining plans and different permissions together with surroundings in three years. If firms are unable to take these approvals throughout this era, then their contract will likely be canceled. Both these gold mines have been auctioned together with the monkey diamond mine of Chhatarpur on 5 July 2019. Then just one firm participated in the public sale. This led to a re-tendering. This time Vinayak Inter Prizes and Garima Natural Resource Company Raipur submitted the tender for Chakariya. Only Prospect Resource Limited Mumbai participated in the public sale for Imalia’s mine.


Anywhere processing unit
Companies can set up processing models anyplace. The Central Government has given this exemption as a result of decreased amount of gold in each mines. However, the materials they are going to take from right here for processing should be reported to the Department of Minerals.


Mines they discovered

Garima Natural Resources has bought Chakariya and Prospect Resource Ltd. Mumbai has bought Amalia mines. A letter has been issued relating to mining of these. They should submit the first installment of the public sale by 8 July. It is value noting that there’s 121 crore gold in Imlia mine and 56 crore gold in Chakaria. According to the quantity of gold extracted by the firms, the authorities should pay the quantity accordingly. Also, four p.c royalty, 10 p.c DMF and 2 p.c should be deposited in the National Mineral Exploration Fund.

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