13 May, 2021

On Golconda Rock

A spate of diamond deposit finds sees the majors come calling

On Golconda Rock
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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