Centre grants ?precious metal permit? - Naveen Jindal?s group gets three-year clearance for exploration, zeroes in on Gumla and Simdega

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By AMIT GUPTA in Jamshedpur
  • Published 19.10.05
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Jamshedpur, Oct. 19: The Centre has cleared a proposal submitted by Jindal Steel and Power Limited, owned by Naveen Jindal?s group, for a reconnaissance permit for three years in Jharkhand to undertake preliminary exploration of precious metals like gold, including stones such as diamonds.

State mines director Bipin Bihari Singh informed The Telegraph that the government would soon sanction an order for the preliminary survey permit to the New Delhi-based group.

?The department has already received a communiqu? from Centre in this regard. We are working out modalities so as to enter a formal agreement with the group,? said Singh.

State mines department sources said for the purpose the Jindal Power and Steel Limited has zeroed in on Gumla and Simdega districts of the state adjoining Chattisgarh, where the company has already started survey for exploration of the precious metals.

Sources based at Jindal Steel and Power Limited said it would undertake an intensive aerial survey of the area stretching about 3,000 square kilometres in both the districts, soon after getting the reconnaissance permit.

?Remote sensing and other geo-physical techniques through the aerial route will be adopted for the primary survey. Top geologists of the country including A.K. Sarkar will be put in to services for the purpose,? said a senior company official on condition of anonymity.

Company officials added that the project would be in continuance with its one in Chattisgarh and it would see whether there is equitable distribution of precious metals in the entire stretch of Chattisgarh and Jharkhand.

The latest technologies involving geo-stationary satellites and remote sensing will be used. Singh added that after the group carries out a primary level survey in the area, it will be granted a prospecting licence to carry out mining work in the region.