Uranium Corporation of India, Karnataka sign MoU for uranium ore mining

JAMSHEDPUR: The Uranium Corporation of India and the Karnataka government has signed a memorandum of understanding to set up a uranium ore mining and processing plant in Karnataka.

UCIL proposed to invest Rs 550 crore in the plant at Gogi, Saidapur, Diggi and Umardoddi villages at Shahapur taluk of Karnataka's Yadgir district, a release said here today.

The Karnataka government would help UCIL to obtain permissions, registrations, approvals and clearances from the concerned departments as per the existing policies andrules and regulations of the state government, it said.

The project was expected to begin in 2013 and provide employment to 361 persons, it said.

The pact was signed in Bangaluru during the Global Investor's Meet 2012 held recently.