Much of heard about the new Mining Bill in India and its
negative impact on the mining industry, but very few have got the any
information about the positive side of the mining bill in India.
The mining bill introduced in India will bring many
investors from overseas to invest in exploration of minerals which will also
include all range of precious metals.
The exploration of minerals requires huge investment and
also there is no guarantee that the results will be positive every time the
exploration is done. India requires
large investment for the exploration of the mineral reserves in India.
Maximum exploration has been seen in the Coal Industry. The
other metal which is highly consumed in India is Gold, today it is estimated
that huge deposits of Gold is located in the states of Chattisgarh, Madhya
Pradesh and Andhra Pradesh along with Goa. The only gold mine in India is Hutti
Mines in Karnataka.
Many of the companies in India have already applied for
prospective Licenses to explore gold and platinum in the state of Goa.
Most of the Diamond mines in India is exhausted and only one
mine at Panna in Madhya Pradesh is active which is operated by NMDC and has the
capacity of 100,000 carats. The deposits of Diamonds near Chattarpur in Madhya
Pradesh was discovered by UK based Rio Tinto in the year 2004. The company
production rate can help put Madhya Pradesh on the chart of top ten diamond
producers in the world.
