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Friday, Oct 22, 2021
Outlook.com

On Golconda Rock

A spate of diamond deposit finds sees the majors come calling

On Golconda Rock
AP
On Golconda Rock
outlookindia.com
-0001-11-30T00:00:00+05:53
Diamonds In The Deccan
  • Geological findings point to diamond deposits in seven districts in Andhra Pradesh (AP)
  • Of the 150 kimberlite pipes (funnel-like rock formations which are the source of diamonds) in the country, 120 are in AP
  • 4-5 carats of diamonds per 100 tonne of rocks processed is considered profitable. The AP deposits are expected to generate 6 carats /100 tonne
  • Seven companies, including De Beers, have applied for 42 prospecting licenses covering an area of 1,495 sq km
  • Thanks to the kimberlite findings, earnings of the state mines department has gone up from Rs 750 crore three years ago to Rs 1,750 crore now

***

Carbon Footprint

Foreign firms with their sights set on Andhra Pradesh:
  • De Beers (South Africa)
  • Rio Tinto (United Kingdom)
  • EMIL Mining India Pvt Ltd...
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