ApnaBundelkhand.com, New Delhi: Madhya Pradesh’s Bundelkhand region may soon become home to one of
the world’s largest diamond mines.
Global mining firm Rio Tinto is expected to invest Rs 2,200 crore in a
diamond exploration project in Chhatarpur district, 400 km northeast of
Bhopal.
The Rio Tinto-owned Argyle diamond mine in Australia is the world’s
biggest diamond producer, averaging an annual production of 35 million
carats (7,000 kg) of diamond.
Chhatarpur’s Bunder field has about 37 million tonne of diamond
reserves.
The process of approval for providing an exploratory licence to Rio
Tinto is in its final stages with the Union ministry of mines. The site
of the proposed project is near the state-owned National Mineral
Development Corporation’s Panna diamond mine.
"We have already completed the necessary formalities on our part and
sent the proposal to the Union ministries of mines and environment for
requisite clearances,” S K Mishra, secretary of MP’s department of
mining.
"This would certainly open an era of development in Bundelkhand.”
The MP government has given its approval to the project.
"The Centre may clear it in 10-15 days,” a senior official in the
ministry said.
The mining lease would be Rio Tinto’s first for diamond mining in
India, after being in the country for nearly a decade.
Rio Tinto will also need clearance from the environment and forest
ministry.
Rio Tinto and other companies, multinational and Indian, were given a
reconnaissance permit (granted for preliminary search for mineral
deposits) in 2002 by the Centre. Later, prospecting licences (granted
for undertaking operations for exploring, locating or proving mineral
deposits) were issued to them.