By
Reuters
Reuters
Published
Nov 11, 2009
Nov 11, 2009
Reliance prospecting for diamonds
By
Reuters
Reuters
Published
Nov 11, 2009
Nov 11, 2009
MUMBAI (Reuters) - Energy giant Reliance Industries has launched an initial survey for diamonds in central India, the Mint newspaper reported on Wednesday 11 November, citing unnamed government and company officials.
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The company has been given two reconnaissance permits by the Madhya Pradesh government and has signed an agreement with it to search for diamonds, the paper said, quoting a senior government official.
The permit allows the company to undertake preliminary prospecting through regional, aerial, geophysical, geochemical surveys and geological mapping, but does not include pitting, trenching, drilling or sub-surface excavation, the paper said.
An unidentified Reliance official told the paper this was an initial phase of any diamond prospecting project.
Any mining, if anything was found, was a long way off, may be three to four years, he told the paper.
A spokesman for Reliance declined comment.
(Reporting by Janaki Krishnan; Editing by Ranjit Gangadharan)
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