NMDC recovers a 27.29-carat diamond from Panna mining project
You don’t have any Active Subscription.
Account subscription benefits alongside Premium Stories, Editorials, Opinions and more. Unlock these with Subscription
The initial estimated value of the diamond is around Rs.1 crore. | Photo Credit: Arrangement
State-owned miner NMDC has recovered a 27.29-carat gem-quality diamond from its diamond mining project (DMP) in Panna, Madhya Pradesh.
It is the second-largest diamond recovered from the NMDC Panna mine and recovered on September 15. Based on its colour, carat weight and clarity (CCC), the initial estimated value of the 27.29-carat diamond is around Rs.1 crore. The final value will be determined through the prescribed evaluation and auction process, said the company, which is India’s largest iron ore miner.
The largest diamond recovered from NMDC’s Panna mine thus far has been a 34.37 carat of gem quality diamond. It was discovered in 2010 and subsequently sold for Rs 3.2 crore.
The company said its Panna operations have produced around 6,000 carats of diamonds up to August, contributing to the company’s diversified mineral portfolio.
“The recovery of a 27.29-carat diamond, the second-largest from our Panna mine, is a moment of pride for NMDC. It is a testament to the dedication of our teams and the potential of India’s mineral resources. We remain committed to responsible mining and developing our diversified mineral portfolio,” CMD Amitava Mukherjee said. The Panna mining project is one of NMDC’s non-iron ore mining operations and the only mechanised diamond mining project in South Asia.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
