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Johannesburg - India's mines ministry has referred a mineral concession proposal by global diamond giant De Beers, which is 45% owned by global resources giant Anglo American (AGL), to the Andhra Pradesh state government for further perusal.
Indian media reported at the weekend that De Beers was seeking a prospecting licence for over 60 square kilometres in Gooty reserved forest and Kurnool area of Andhra Pradesh.
A proposal by India's largest private sector steel producer, Tata Steel, which was seeking a mining lease for minerals including manganese, was also referred to the state government.
According to Indian website Livemint, Tata Steel had applied for a mining lease for more than 35 square kilometres in Srikakulam and Vizainagram areas of the state.
In the meantime, the Indian mines ministry has approved a reconnaissance permit to global mining major Rio Tinto, whose exploration arm can now move ahead with work on a preliminary survey for diamonds and other precious minerals in the southern state of Madhya Pradesh.
- I-Net Bridge