Deccan Gold Mines has been emerged as the highest bidder in the e-auction for Bhalukona - Jamnidih Nickel, Chromium and Associated PGE Block in Chhattisgarh. The Company had submitted its Technical Bid for the said Composite Licence Block in Chhattisgarh and had participated in the e-auction through the online portal of MSTC (official agency authorised by the Government to conduct e-auctions for mineral blocks).
The Bhalukona-Jamnidih Block covers an area of 30 sq. Kms and forms part of Neo-archean Sonakhan Schist Belt in the NE fringe of Bastar Craton and represents a wide spectrum of volcano-volcanoclastic rocks of Sonakhan and Bilari Group, mafic-ultramafic intrusives, undeformed granitoids, younger dykes and quartz veins. Based on initial sampling data of GSI, the area requires further prospecting to facilitate mining operations and has been therefore recommended for grant of Composite Licence through e-auction process.
Deccan Gold Mines (DGML) is the first private sector gold exploration company in India. The company has a large portfolio of exploration prospects in the states of Karnataka, Andhra Pradesh, Kerala and Rajasthan.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
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