AIRLINK 76.15 Increased By ▲ 1.75 (2.35%)
BOP 4.86 Decreased By ▼ -0.09 (-1.82%)
CNERGY 4.31 Decreased By ▼ -0.03 (-0.69%)
DFML 46.65 Increased By ▲ 1.92 (4.29%)
DGKC 89.25 Increased By ▲ 1.98 (2.27%)
FCCL 23.48 Increased By ▲ 0.58 (2.53%)
FFBL 33.36 Increased By ▲ 1.71 (5.4%)
FFL 9.35 Decreased By ▼ -0.01 (-0.11%)
GGL 10.10 No Change ▼ 0.00 (0%)
HASCOL 6.66 Decreased By ▼ -0.11 (-1.62%)
HBL 113.77 Increased By ▲ 0.17 (0.15%)
HUBC 143.90 Increased By ▲ 3.75 (2.68%)
HUMNL 11.85 Decreased By ▼ -0.06 (-0.5%)
KEL 4.99 Increased By ▲ 0.12 (2.46%)
KOSM 4.40 No Change ▼ 0.00 (0%)
MLCF 38.50 Increased By ▲ 0.10 (0.26%)
OGDC 133.70 Increased By ▲ 0.90 (0.68%)
PAEL 25.39 Increased By ▲ 0.94 (3.84%)
PIBTL 6.75 Increased By ▲ 0.22 (3.37%)
PPL 120.01 Increased By ▲ 0.37 (0.31%)
PRL 26.16 Increased By ▲ 0.28 (1.08%)
PTC 13.89 Increased By ▲ 0.14 (1.02%)
SEARL 57.50 Increased By ▲ 0.25 (0.44%)
SNGP 66.30 Decreased By ▼ -0.10 (-0.15%)
SSGC 10.10 Decreased By ▼ -0.05 (-0.49%)
TELE 8.10 Increased By ▲ 0.15 (1.89%)
TPLP 10.61 Decreased By ▼ -0.03 (-0.28%)
TRG 62.80 Increased By ▲ 1.14 (1.85%)
UNITY 26.95 Increased By ▲ 0.32 (1.2%)
WTL 1.34 Decreased By ▼ -0.02 (-1.47%)
BR100 7,958 Increased By 122.7 (1.57%)
BR30 25,727 Increased By 396.8 (1.57%)
KSE100 75,878 Increased By 1000.4 (1.34%)
KSE30 24,343 Increased By 355.2 (1.48%)

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.