Earlier this week the Indian government approved of ₹2.67 billion (US$36.3 million) in new bauxite ore mining projects for the state of Chhattisgarh.
On Tuesday, Chief Minister of Chhattisgarh Bhupesh Baghel announced the approval of projects related to the Mineral Resources Department and Chhattisgarh State Mineral Development Corporation. In addition to bauxite ore projects, Baghel approved plans to develop the Kerwa coal bloc, an iron ore deposit, surveys for further bauxite ore resources, and upgrades to online mining resources.
At a meeting of the Mineral Development Fund Advisory Committee Chief Minister Baghel said that a portion of the monies made from bauxite mining activities would go back into efforts at finding more bauxite resources in the area.
“At present, the government every year allocates 5% of the amount received as mineral revenue to the Mineral Development Fund. This is utilized to develop minerals in the state and to explore new mining areas and related activities.”
The bauxite outcropping in Chhattisgarh accounts for a little more than 4 percent of India’s bauxite reserves. The estimated 173 million metric tons is divided into three districts in Balrampur, Kabirdham, and Surguja.