The Union Ministry for Mining is likely to accord in-principle approval to
Rio Tinto for its diamond mining project at Bunder in Chhattarpur district of
Madhya Pradesh soon.
The company is expected to invest around Rs 2,200 crore in the project. The
Madhya Pradesh Government has already recommended mining lease to the project.
The mine has estimated reserves of 37 million tonne. At 0.7 carat per tonne, the
project is expected to give 27.4 million carats of diamond.
After the ministry approves the recommendation from the state for granting
the lease, the company has to seek environmental and forest clearances before
starting mining.
Also See:
Rio
Tinto commences study for Bunder diamond mining project (27-Jan-10)