SME Times is powered by   
Search News
    
Just in:   • Gulf oil earnings to touch record $562 bn in 2008  • Ban on rice, wheat exports extended till next April  • Markets crash ahead of inflation data; Sensex 434 points down  • Abu Dhabi energy firm starts work on German plant  • FCI gets nod to sell rice, wheat in domestic market 
Last updated: 24 Apr, 2008  

Huge iron ore, coal, bauxite stocks found in Chhattisgarh

Chhattisgarh rich in iron ore, coal, bauxite
IANS | 31 Mar, 2008
Mining officials Monday said they have found massive fresh stocks of iron ore, coal and bauxite in Chhattisgarh.

A survey conducted by the directorate of geology and mining found an estimated 40 million tonne coal reserves in Raigarh district and about 20 million iron ore reserves of the finest quality in the state's southern hilly region of Dantewada and Kanker districts.

"The directorate carried out a survey of about 1,212 sq km areas of state's various districts during first 10 months of the fiscal 2007-08 and it has ended up with a huge positive outcome in findings of coal in the state's northern region and iron ore in the southern forested belt," an official told IANS.

The coal has been found in Gare Pelma stretch in Raigarh district while iron ore stocks are located in Kamalur, Gondapal, Pendawar and Masodi villages in Dantewada district close to Bailadila hills known for the country's finest quality iron ore stocks.

The National Mineral Development Corporation (NMDC), India's largest iron ore producer and exporter in public sector, has had major mining facilities at Bailadila hills for about three decades.

Huge iron ore reserves have also been located in Kanker district's Taroki, Tumapal and Hurtarai villages.

Directorate officials confirm that huge stocks of bauxite have been found at Mainpat in Surguja district. Mainpat, known as Chhattisgarh's hill station, is already feeding bauxite to Sterlite-group controlled Bharat Aluminium Company (BALCO) based at Korba and findings of new stocks is likely to encourage metal and mining firms to bring in more investment to the state.

Officials say it will take another three-four years to start mining from newfound locations. 
 
Print the Page Add to Favorite
 

Share your opinion about this story

  Top Stories
» Decline in manufacture exports a matter of concern: FIEO
» Textile exporters eye Asian markets
» All ministries must have legal draftsmen: Chidambaram
» Buyer-seller meet from October 17
» Industrial city Kanpur at its deathbed
 
Commented Stories
» MSME Ministry proposes new scheme(12)
» Are Indian SMEs getting their basics wrong?(7)
» Central Sales Tax (CST) not brought down to 2 percent: report(4)
» Working overtime - do companies really benefit?(3)
» FM asks banks to lend more to MSMEs(1)
  Customs Exchange Rates
Currency Import Export
US Dollar
42.55
41.95
UK Pound
84.60
83.20
Euro
66.95
65.70
Japanese Yen 39.90 39.15
As on 22 Aug, 2008
  Daily Poll
Do you agree that SMEs are losing out to big corporates because they are ill-informed about the market realities?
 Yes
 No
 Can't say
 
 
 
About Us  |  Contact Us  |  Feedback |  Success Stories |  Tradeindia in News  |  Get Listed | 
Sitemap  |  Terms of Use |  Useful Links |  Trade Bodies