Deccan Gold Mines has received 30 square kilometre Composite Licence from Government of Chhattisgarh and also completed the registration of the Deed in respect of an auctioned block near Bhalukona-Jamnidih which the Geological Survey of India (GSI) identified as prospective for nickel (Ni), chromium (Cr), and associated platinum-group elements (PGE) mineralisation.
The company has also applied for work permit in accordance with the regulatory requirements and this will open the way for exploration to begin in the CL Block. Importantly, the Composite Licence terms grant Deccan Gold seamless transition from exploration through to mining.
Earlier, the Government of Chhattisgarh had selected the company as the ‘Preferred Bidder’ for the said auction.
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 |
| View more.. | |
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