INSUBCONTINENT EXCLUSIVE:
KATHMANDU, AUGUST 17The Department of Mines and Geology has granted licenses to 432
companies for exploring mines in the country.
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The Lainchaur-based department that has been working in the
areas of mines and geology since 2033 BS has granted licenses to the companies to search for potential mines for the promotion of
mines-based industries in the country.Information Officer of the Department, Narayan Baskota said the licenses were granted to explore
potential mines such as iron, copper, gold, limestone, ruby, granite, kainite and dolomite.
As informed the Department had
issued licenses to 374 mining companies for the exploration of mines last year."Higher number of licenses were granted to explore limestone
and copper", he shared, adding those approaching for licenses for mine exploration were Chinese companies.Only 50 percent licensed companies
have started excavating for mine exploration while remaining companies are under the process for excavation, Baskota informed.The Department
had scrapped licenses of 121 companies for not being active in exploration and excavation in the fiscal year 2022/23.
This article first appeared/also appeared in https://thehimalayantimes.com
