The Bihar authorities is all set to grant permission for exploration of lately found mineral reserves of magnetite and glauconite value Rs 14,594 crore in Jamui and Rohtas districts, an official mentioned on Wednesday.
The Mines and Geology Division has determined to permit exploration of mineral deposit of round 48.40 million tonne of magnetite, a type of iron ore, in Majos block of Jamui district, in keeping with a doc, a replica of which was reviewed by PTI.
The useful resource is unfold over a three-square kilometre space and tentatively valued at Rs 6,000 crore, it mentioned.
The division will quickly grant permission for exploration of round 130.11 million tonne of glauconite, a typical supply of potassium in fertilisers, in Pipradih and Chutia-Nauhatta blocks of Rohtas district.
The entire estimated worth of the mineral reserves is round Rs 8,594 crore, in keeping with the doc.
“Earlier, there was a notion that Bihar misplaced its mineral wealth following the creation of Jharkhand in 2000.
“Now, Bihar has ample mineral sources to spice up its economic system. We are going to quickly grant permission for exploration of mineral deposits in Rohtas and Jamui districts. This may also assist the state authorities create new employment alternatives,” Principal Secretary-cum-Mines Commissioner Harjot Kaur Bamhrah advised PTI.
The federal government has additionally determined to revive its Directorate of Geology below the Mines and Geology Division after the latest discovery of mineral reserves within the state.
The Geological Survey of India has already indicated deposit of different minerals within the state and the mines division is engaged on it, she mentioned.
The choice to offer permission for the exploration of mineral deposits within the two districts was taken in a Joint Working Group (JWG) assembly held right here on December 15, and GSI officers have been current there.
The state division can also be planning to signal an MoU with the Mineral Exploration Company Ltd to expedite such train within the state.
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