The Centre had earlier reserved 56,690 hectares of land in favour of the APMDC
in Bayyaram, Garla and Nelakondapally mandals in Khammam district for exclusive exploration covering survey and investigation of mineral bearing areas.
The APMDC does not have the technical manpower to undertake mining.
He said if the APMDC mined the iron ore itself, it would earn thousands of crores instead of the meagre royalty.
has evinced interest to pick up equity in the pellet project.
The land acquisition and the resettlement and rehabilitation measures for the project-affected families are being undertaken by APMDC
and are in an advanced stage.
The company has for the first time obtained mining assets in Ananthpur District of Andhra Pradesh and signed an MOU with APMDC
, a state owned PSU & RINL for exploration & exploitation of iron ore deposit and subsequent value addition thereto.