Now Reading: Singareni Collieries signs pact for gold, copper exploration in Karnataka
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Singareni Collieries signs pact for gold, copper exploration in Karnataka
Singareni Collieries signs pact for gold, copper exploration in Karnataka
Singareni Collieries Company Limited has signed an agreement with Karnataka's mines and geology department to formally begin exploration for gold and copper at the Devadurga block in Raichur and Yadgir districts. SCCL…
The Story in Brief
Singareni Collieries Company Limited has signed an agreement with Karnataka's mines and geology department to formally begin exploration for gold and copper at the Devadurga block in Raichur and Yadgir districts. SCCL won the exploration licence through a central government mineral auction last year. The agreement was signed on Thursday in Bengaluru by department director Rangappa and SCCL director K Venkateshwarlu.
SCCL will complete exploration of the 199 sq km block in five years. The programme includes remote sensing, geological mapping, geophysical surveys, scout drilling, and sample analysis at SCCL's new laboratory in Kothagudem. A detailed exploration report will be submitted to the Karnataka mines department. SCCL aims to finish the G4 stage within two years.
The Indian Opinion
The story presents SCCL's expansion beyond Telangana as a milestone, drawing on its 130-year expertise. But the real test lies in execution. Mineral exploration in Karnataka has seen delays before. Watch for the two-year G4 completion target and, later, the economic viability of any deposits found. Whether this leads to actual mining or remains another exploratory study is the question.
Sources (2): timesofindia.indiatimes.com, timesofindia.indiatimes.com (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
