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Vedanta acquires two significant mining blocks in Karnataka, Bihar

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Large Corporate 22 Jul 2024 06:33 PM IST PTI
Vedanta Ltd announced that it has acquired two significant mining blocks that have been placed up for sale. The company informed the BSE in a filing that the blocks are located in Karnataka and Bihar.
 
"The company has been declared as preferred bidder' for the Gollarahatti-Mallenahalli Nickel Chromium and PGE Block and Genjana Nickel, Chromium and PGE Block," stated the statement.
 
The Gollarahatti-Mallenahalli Nickel Chromium and PGE Block in Karnataka, which is at the G4 level of exploration, and the Genjana Nickel Chromium and PGE Block in Bihar, which is at the G3 level of exploration, are both for sale through the ministry of mines.
 
There are four phases involved in exploring for any mineral deposit: reconnaissance survey (G4), general exploration (G2), preliminary exploration (G3), and thorough exploration (G1). While one block was put on sale in the second round of critical minerals blocks auction, the other was put on auction in the third round.

Also Read : L&T commissions India's first indigenously built green hydrogen electrolyser in Gujarat Vedanta seeks Supreme Court against Goa cess

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