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For the first time, two mineral blocks in Jammu & Kashmir (UT) have been successfully auctioned under the Central Government’s mineral auction process.
The Mines Ministry termed the successful auction as "an important step towards unlocking the mineral potential of Jammu & Kashmir and initiating a new phase of organised mineral development in the Union Territory."
Located in Koot and Kapran villages of Dooru Tehsil in Anantnag district, the Koot–Kapran Limestone Block covers 22.43 hectares and has estimated limestone resources of 4.75 million tonnes. The block has been explored up to the G-4 stage, with scope for further detailed exploration and development.
The Wantrag Limestone Block covers 5.36 hectares and has estimated limestone resources of 10.853 million tonnes.
The block has been explored up to the G-3 stage, including 159 metres of drilling, with the Mines Ministry indicating an "important geological basis for further exploration and development."
A government release highlighted that the "auction of the two limestone blocks is expected to catalyse new investment and economic activity in the Union Territory," and "expected to generate a large number of direct and indirect employment opportunities and create avenues for local businesses, entrepreneurs, service providers and allied industries."
Also Read:India loves cricket, but that doesn't mean they don't love football: Ancelotti
The Mines Ministry termed the successful auction as "an important step towards unlocking the mineral potential of Jammu & Kashmir and initiating a new phase of organised mineral development in the Union Territory."
Located in Koot and Kapran villages of Dooru Tehsil in Anantnag district, the Koot–Kapran Limestone Block covers 22.43 hectares and has estimated limestone resources of 4.75 million tonnes. The block has been explored up to the G-4 stage, with scope for further detailed exploration and development.
The Wantrag Limestone Block covers 5.36 hectares and has estimated limestone resources of 10.853 million tonnes.
The block has been explored up to the G-3 stage, including 159 metres of drilling, with the Mines Ministry indicating an "important geological basis for further exploration and development."
A government release highlighted that the "auction of the two limestone blocks is expected to catalyse new investment and economic activity in the Union Territory," and "expected to generate a large number of direct and indirect employment opportunities and create avenues for local businesses, entrepreneurs, service providers and allied industries."
Also Read:India loves cricket, but that doesn't mean they don't love football: Ancelotti
