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Bunder Project - Organization in Una,Himachal-pradesh,India
Unnamed Road
Una, Others
Himachal-pradesh, India - 471318
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Keywords List : Local business in india , Local business in himachal pradesh , Local business in una , Local business in 471318 , Bunder project ,
Detailed description is The Bunder project is Rio Tinto's first and most advanced diamond mining venture in India. The Bunder project comprises a cluster of eight lamproites (volcanic rock), located in the Bundelkhand region of Madhya Pradesh, 500 km south east of Delhi. Rio Tinto discovered the Bunder deposit in 2004 as part of a regional exploration reconnaissance programme which commenced in 2002. A Prospecting License was executed in September 2006, which allowed exploration activities to continue, and an order of magnitude study was commenced to evaluate the economic viability of the eight diamondiferous lamproites. The Order of Magnitude Study determined the Bunder deposit to have an inferred resource of 27.4 million carats. As a result, Rio Tinto has identified a diamond resource seven times richer than the Panna mine (also located in Madhya Pradesh), with a likely production rate at least 20 times greater than at the Panna mine. Madhya Pradesh would therefore rank, in terms of volume and value, in the top ten diamond producing regions in the world. Rio Tinto has applied for a mining lease and has constructed a state of the art sample plant, to process bulk samples of ore on the project site. The Bunder sample processing plant will assist in further evaluating the value and grade of the Bunder deposit. This is critical to the development of a world class diamond mine. The sample processing plant at Bunder is highly automated, uses minimal water through recycling and water harvesting, and does not use any chemicals in the processing of the diamonds. Additionally the plant is entirely modular, does not require any permanent structure and is designed to minimise noise and dust. The next phase of evaluation of the Bunder project will involve engineering studies and the social and environmental impacts of a diamond mine. These studies will take two to three years to complete. The total investment to develop a mine at Bunder project is estimated at least 20 billion rupees. The Bunder project currently employs approximately 400 people, of which 70 per cent are from the local communities that surround the project area. Over time, direct employment from a fully operational diamond mine at Bunder is anticipated. The importance of this investment in a diamond mine in Madhya Pradesh lies in the fact that it will provide significant socio and economic opportunities for the Chhatarpur district – local employment, training, health and education are all priorities. In this regard Rio Tinto is a global leader in developing sustainable futures for the diamonds communities it operates in, in many different landscapes around the world.
Established in the recent years Bunder Project in una, himachal-pradesh in india.
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