Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

Dhaubadhi Mine Suitable for Commercial Production of Iron

  3 min 5 sec to read
Dhaubadhi Mine Suitable for Commercial Production of Iron
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

August 21: Dhaubadhi Iron Company Limited has claimed that the iron extracted from Nawalpur-based Dhaubadhi mine is viable for commercial use.

Sources said that a study of samples from the mine has indicated the possibility of commercial production of iron from the mine in large scale. Concerned authorities had sent five tons of ore extracted from the mine for study in China last year. It has been learnt that the stakeholders in Nepal will receive the report from China within 20 days.

CEO of the company Krishna Dev Jha told New Business Age that they will now be able to extract iron from the mine for commercial production. He added that they will soon start necessary preparation for setting up the extraction technology, storage and certification works among others.

“After going through the report, we can ascertain the quantity of per day extraction from the mine as well as investment requirement and cost estimates,” said Jha.

The company has already initiated the process to select the consultant company for drilling the mine.

Jha said that they will select the consultant company within six weeks and the company will have to complete the drilling work in the next six months. The terms of reference (ToR) has been prepared accordingly, said Jha.

The company will then go ahead with the feasibility study, detailed engineering design, plant establishment among other works.

The company is preparing to drill 265 to 300 meters deep into the mine at five different areas of Dhaubadhi and Pokhari. The company clarified that it will begin the feasibility study only after completing the drilling process.

The company will look for investment partners once it starts the feasibility study.

The government had released Rs 250 million for the company during the last fiscal year whereas the budget allocated for the current fiscal year has been increased to Rs 1.5 billion.

The public company with a capital of Rs 10 billion is being looked after by the central government.

 

 

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.