Assam govt signs MoU with MECL for iron exploration in KA, Goalpara, Nagaon
Signed between Director of Geology and Mining (Assam govt) Ananda Kumar Das and chairman-cum-managing director of MECL, Dr Ranjit Rath, the MoU will be valid for five years, state Geology and Mining minister Jogen Mohan said on Deecember 8.
Assam Mines and Minerals Department has entered into a memorandum of understanding (MoU) with Mineral Exploration Corporation Ltd (MECL) for exploration of minerals other than coal and lignite in the districts of Nagaon, Karbi Anglong and Goalpara.
Signed between Director of Geology and Mining (Assam govt) Ananda Kumar Das and chairman of MECL, Dr Ranjit Rath, the MoU will be valid for five years, state Geology and Mining minister Jogen Mohan said on December 8.
Under this agreement, MECL will explore iron ore, sillimanite, rare earth elements (REE) etc. in those districts for the next five years. Iron ore is abundant in Goalpara, Dhubri and Karbi Anglong districts.
Dr Krishna Kumar Dwivedi congratulated MECL and assured wholesome cooperation from the government. He expressed that the exploration of these prospective mineral resources will help the state government to generate a huge amount of revenue in terms of royalty within the next few years.
It will also help the state in rapid and sustainable overall development in industrial establishment, employment generation and entrepreneurship development, he said.
He said that Assam has abundant mineral resources which may be valued up to Rs 1 lakh crore as per preliminary assessment.
He also expressed confidence that this event may be a turning point for the economic growth of the state, and urged upon MECL for rapid exploration activity to unearth the mineral deposits.
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