AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 215.53 Increased By ▲ 18.17 (9.21%)
BOP 9.80 Increased By ▲ 0.26 (2.73%)
CNERGY 6.79 Increased By ▲ 0.88 (14.89%)
DCL 9.17 Increased By ▲ 0.35 (3.97%)
DFML 38.96 Increased By ▲ 3.22 (9.01%)
DGKC 100.25 Increased By ▲ 3.39 (3.5%)
FCCL 36.70 Increased By ▲ 1.45 (4.11%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 134.13 Increased By ▲ 6.58 (5.16%)
HUMNL 13.63 Increased By ▲ 0.13 (0.96%)
KEL 5.69 Increased By ▲ 0.37 (6.95%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.87 Increased By ▲ 1.17 (2.62%)
NBP 61.28 Decreased By ▼ -0.14 (-0.23%)
OGDC 232.59 Increased By ▲ 17.92 (8.35%)
PAEL 40.73 Increased By ▲ 1.94 (5%)
PIBTL 8.58 Increased By ▲ 0.33 (4%)
PPL 203.34 Increased By ▲ 10.26 (5.31%)
PRL 40.81 Increased By ▲ 2.15 (5.56%)
PTC 28.31 Increased By ▲ 2.51 (9.73%)
SEARL 108.51 Increased By ▲ 4.91 (4.74%)
TELE 8.74 Increased By ▲ 0.44 (5.3%)
TOMCL 35.83 Increased By ▲ 0.83 (2.37%)
TPLP 13.84 Increased By ▲ 0.54 (4.06%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.84 Increased By ▲ 1.87 (5.67%)
WTL 1.72 Increased By ▲ 0.12 (7.5%)
BR100 12,244 Increased By 517.6 (4.41%)
BR30 38,419 Increased By 2042.6 (5.62%)
KSE100 113,924 Increased By 4411.3 (4.03%)
KSE30 36,044 Increased By 1530.5 (4.43%)

The Provincial Minister for Mines and Minerals Sher Ali Khan has said that his government plans to set up "a digitalised mineral resources estimation library". The purpose of the lab is to maintain updated and authentic data of explorations of mines and minerals with their resource estimation since 1947 for use by departments, the World Bank, the Asian Development Bank and donor agencies, he added.
"The Punjab government has also finalised a decision to start 'provincial minerals resource mapping to help maintain and update information about all mineral resources in the Punjab", he added. He also said that through the establishment of a "minerals resource estimation lab", his government would be able to move ahead for new explorations using restored information to save time and money and support research.
"This library will have recourse estimation reports of all mineral reserves explored for the past 67 years and involve the construction of a geological and resource model with data from various sources. Depending on the nature of the information, the principal steps of such computer resource estimation will consist of creation, standardisation and validation of database, section plotting and interactive geological modelling, geo-statistical analysis along with block modelling and block estimation," he added.
He also talked about a meeting in which the Punjab chief minister had called for using all the existing provincial mineral reserves for industrial and economic development for which the latest technology based mechanised mining was introduced, resulting exploration of 155 million tonnes of iron ore reserves at Chinot Rajwa, for which 50 mining bores were made with a 1,100-metre depth. "International laboratories of Canada, Switzerland and China have positively reported that these iron ore reserves are suitable for making steel for which the Punjab government is considering proposals from various international companies to establish a steel mill at these reserves," he said.

Copyright Business Recorder, 2016

Comments

Comments are closed.