A local mining company has kicked off 'metallic mineral' exploration/development in Nagarparkar district with an initial investment of around 50-100 million dollars.
The sources in Sindh Mines and Mineral Development Department told Business Recorder on Tuesday that initially, the department had allocated an area of 1,000sq-km to Zaver Mining Company, a subsidiary of Hashwani Group, to carry out mopping up for one year.
The company plans to start exploration with the help of satellite images and latest geological, geophysics and geo-chemical technology, the sources said. The successful reconnaissance will lead to the exploration and development of metallic minerals, the sources added. A memorandum of understanding (MoU) was singed between Directorate General of Mineral Development, Sindh Mines and Mineral Development Department and Zaver Mining Company on October 29, 2007 to develop the deposits and produce gold and other minerals in the area.
The geological map of Sindh reveals East of Thar Desert has exposures of very old rocks, which have been found containing huge deposits of metallic minerals. The sources hoped that the exploration of metallic mineral particularly of gold and silver and their import would earn precious forex for the country.