Print Edition - 2017-03-31  |  MONEY

Nepal opens 15 mineral mines for exploration

  • chipping away
- Xinhua, Kathmandu

Mar 31, 2017-

Nepal has opened 15 of its mines of copper, iron, limestone and the zinc for mining and exploration licenses after a year long hiatus.

By issuing a tender notice on March 14, Nepal’s Department of Mining and Geology (DoMG), sought sealed technical and financial proposals from interested domestic or foreign companies to obtain mining or prospecting licenses.

Rajendra Khanal, director general of DoMG told Xinhua that licensing process had been stalled for a year as the department was in the process of amending Mines and Mineral Resources Regulation for clarification on certain issues. “After amending the regulation, we have opened the license for different mines in large number,” he said.

According to the department, those willing to obtain exploration license will have to submit proposal within 35 days since first publication of tender notice, while those willing to bid for mining license should submit the proposal within 50 days, the department said.

The government opened mining license for Thumki Limestone Deposit at Balthali in Kavrepalanchok district in central Nepal, Dhanpure Limestone Deposit in Syangja district in western Nepal and Lakharpata Limestone Deposit at Pokharikanda village of Surkhet district in Mid-Western Nepal.

Panikhola Limestone in Dhading district of central Nepal, Kailash Limestone in the border of Dhading and Makawanpur district in central Nepal, limestone mines based in Diyarigat Srikot in Baitadai district in Far Western Nepal, Jalpa Chilanune area in Udayapur district of Eastern Nepal, Jyamire in Palpa district of western Nepal and the Silkesh limestone in Jhapa district in eastern Nepal have been opened for exploration works.

Likewise, exploration license has been opened for copper mines in Dhusa Copper Deposit in Dhanding district and Agra-Khola Copper Prospect in Makawanpur district, both in central Nepal. 

Likewise, Kalitar Copper Deposit in Makawanpur district and Kurule Cooper Prospect in Udayapur district of eastern Nepal are other mines opened for exploration. Labdi Iron Deposit in western Tanahun district and Labang-Khairang Polymetal, a zinc mine based in the border of Dhading and Makawanpur districts are other mines opened for exploration.

As per the terms of reference set by the department, one company cannot own more than three prospecting license of one type of mineral.

Published: 31-03-2017 09:43

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