State-owned miner NMDC Limited is set to produce 6,500 carats of diamonds, valued at $3.4 million (₹294.13 million), during the current fiscal year from its Panna mine in Madhya Pradesh, India.
The mining operation resumed following the receipt of clearances last year, according to Reuters. The company previously faced a more than three-year halt in operations due to delays in securing environmental approvals, largely stemming from the mine’s proximity to a tiger reserve.
In a landmark decision, the Supreme Court granted NMDC permission to restart mining under specific guidelines to ensure compliance with environmental regulations.
Currently, NMDC is focused on processing diamonds from existing ore stockpiles at the Panna mine. The company confirmed in an email to Reuters, “We will start ore mining from the mines in two to three months. Meanwhile, diamonds are processed through the feeding of old stockpiles.”
The Panna mine remains a critical asset in India’s diamond production, contributing significantly to the country’s mining sector.
