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State Government enters pact with Russian Firm
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Visakhapatnam, August 29, 2007
Collaboration to extracting minerals from beach sands
The State Government has entered into a pact with Bothli &Co, a Russian firm through the AP Mineral Development Corporation (APMDC) for extracting minerals from beach sands. These minerals are used in Defence projects. According to APMDDC sources, the pact envisages the company to explore limenite, monozite, zircon, sillmarnite, gaqrnet, rutile etc., Also, a titanium plant would be set up to produce titanic out of the minerals explored from the beach sands in the coast between Srikakulam to Nellore.
The Government is looking for a suitable location in Srikakulam, Vizianagaram and Visakhapatnam districts to set up the plant. The Russian team will be visiting in September again to take the pact forward. The Atomic Minerals Division under the Central Department of Atomic Energy found mineral-rich beach deposits in the 940 km long coastline from Donkuru in Srikakulam to Ramayyapatnam in Nellore.
Indian Rare Earth Limited (IRE), a public sector undertaking working under the Department of Atomic energy, is engaged in mining and processing these minerals useful for atomic research. The APMDC pact with IRE and NMDC ratifies exploration of Beemili beach for deposit in addition a 37 km stretch from Lawsons Bay Colony to Konada in Vizianagaram district.
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