5 months ago
1
The Andhra Pradesh Government has permitted the inclusion of quartzite mineral successful the existing limestone mining lease held by M/s Ramco Cements Limited successful Nandyal district, fixing the seigniorage interest astatine ₹160 per MT for concern use.
According to G.O. Ms. No. 261 issued by the Industries and Commerce (Mines-II) Department, the inclusion applies to a mining lease dispersed implicit 663.46 hectares successful Kalvatala and Kotapadu villages of Kolimigundla mandal.
The determination has been taken nether Section 15B(4) of the Mines and Minerals (Development and Regulation) Act, 1957, without waiting for amendments to the Mineral Concession Rules, 2016.
The mining lease had initially been granted successful 2002 successful favour of M/s Prism Johnson Limited for limestone extraction and was aboriginal transferred to Ramco Cements Limited successful 2023. Following the transportation and execution of supplementary lease deeds, the lease was valid up to March 10, 2053.
Based connected geological studies and inspection reports submitted by the District Mines and Geology Officer, quartzite deposits were identified successful parts of the existing mining lease area. The institution reported quartzite occurrence implicit 289.94 hectares and limestone deposits successful implicit 373.52 hectares.
The mining plan, approved by the Indian Bureau of Mines, estimates full geological resources of 327.20 cardinal tonnes, with mineable reserves of 84.06 cardinal tonnes.
The Director of Mines and Geology stated that the quartzite projected to beryllium extracted would beryllium utilized for concern purposes specified arsenic manufactured soil and pozzolanic additives successful the cement industry. As the worldly was not suitable for usage arsenic gathering chromatic for cubes and kerbs, the higher royalty applicable to gathering chromatic would not apply.
Instead, the authorities approved a seigniorage interest of ₹160 per MT, which was applicable for quartzite utilized for concern purposes.
