12 hrs ago
Centre Auctions Two Limestone Blocks in Jammu and Kashmir
The government has auctioned two limestone areas in Jammu and Kashmir.
This is the first time these blocks have been auctioned through the Central Government’s mineral auction process.
One block is called Koot–Kapran, and the other is called Wantrag.
Officials estimate that both areas contain limestone, a rock used in different industries.
The blocks have been explored, but more detailed work and development may still be possible.
The government hopes companies will invest in developing them.
It also expects the projects to create jobs and bring work to local businesses and service providers.
Two limestone blocks in Jammu and Kashmir were auctioned through the Central Government’s mineral auction process for the first time.
The Koot–Kapran block spans 22.43 hectares in Koot and Kapran villages, Dooru Tehsil, Anantnag district.
Koot–Kapran is estimated to contain 4.75 million tonnes of limestone and has been explored to the G-4 stage.
The Wantrag block covers 5.36 hectares and is estimated to contain 10.853 million tonnes; its exploration reached G-3 and included 159 metres of drilling.
The government says the auctions could attract investment, support economic activity, create jobs and open opportunities for local businesses.
- Who
- The Central Government auctioned the blocks through its mineral auction process; the Mines Ministry announced the development.
- What
- Two limestone blocks, Koot–Kapran and Wantrag, were successfully auctioned.
- Where
- Jammu and Kashmir; Koot–Kapran is in Koot and Kapran villages, Dooru Tehsil, Anantnag district.
- When
- The articles do not specify when the auctions took place.
- Why
- The government says the auctions could unlock mineral potential, attract investment, stimulate economic activity and create employment.
Key facts
- Blocks auctioned
- Two limestone blocks
- Auction process
- Central Government mineral auction process; first such auction of mineral blocks in Jammu and Kashmir
- Koot–Kapran area
- 22.43 hectares
- Koot–Kapran estimated resources
- Around 4.75 million tonnes of limestone
- Koot–Kapran exploration
- G-4 stage
- Wantrag area and resources
- 5.36 hectares; estimated 10.853 million tonnes of limestone
- Wantrag exploration
- G-3 stage, including 159 metres of drilling
Quotes
Mines Ministry
The Government of India ministry responsible for mines.
“an important step towards unlocking the mineral potential of Jammu & Kashmir and initiating a new phase of organised mineral development in the Union Territory.”
freepressjournal.in
“important geological basis for further exploration and development.”
freepressjournal.in
Sources
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