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Govt returns Tata Steel, DeBeers’ mineral concession proposal

Govt returns Tata Steel, DeBeers’ mineral concession proposal
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First Published: Fri, Jan 02 2009. 04 08 PM IST
Updated: Fri, Jan 02 2009. 04 08 PM IST
By PTI
New Delhi: The government has returned the mineral concession proposals of leading steel producer Tata Steel and global diamond major De Beers in Andhra Pradesh for further action by the state government.
Besides, it has approved a reconnaissance permit to global mining major ACC Rio Tinto Exploration Company in the southern state to prospect 8,300 square kilometres of the area for preliminary finding of gold, diamond, zinc and copper.
India’s largest private sector steel producer Tata Steel had applied for mining leases (ML) of minerals like manganese ore, rutile and ileminite, while De Beers India had sought prospecting license (PL) for diamond and associated minerals, as per information available on the Mines Ministry website.
The steel major had applied for ML of over 35 square kilometres in Srikakulam and Vizainagram areas of the state while De Beers had sought PL for over 60 square kilometres in Gooty reserved forest and Kurnool area of Andhra Pradesh.
An ML allows companies to mine minerals while PL permits detailed prospecting.
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First Published: Fri, Jan 02 2009. 04 08 PM IST