Singareni Collieries signs 199.13 sq.km gold, copper exploration deal in Karnataka
GS3Economy · S&T · Environment · Security· Industry, investment & MSMEs· Prelims·
Why in news
Singareni Collieries Company Limited (SCCL) signed a deal with the Karnataka Department of Mines & Geology to explore gold and copper in the Devadurga Block.
Background
SCCL signed a 5-year agreement to explore 199.13 sq.km in the Devadurga Block (Raichur and Yadgir districts, Karnataka). The exploration license was secured via the Government of India’s mineral auction process.
Facts for Prelims
- PlaceDevadurga Block is located in the Raichur and Yadgir districts of Karnataka.
- FactThe exploration area covers a total of 199.13 sq.km.
- BodySCCL (Singareni Collieries Company Limited) is a major mining company and a Telangana State Public Sector Undertaking.
- FactThe exploration agreement is valid for a period of five years.
For Mains
Q. Discuss the significance of mineral auctions and public-private partnerships in enhancing India's mineral exploration and industrial growth.
Dimensions to cover in your answer
- mineral security
- revenue generation
- geological expertise
- sustainable mining practices
Keywords: mineral exploration · public sector undertaking · resource mobilization · industrial investment
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