Sociedade Timblo Irmaos Limitada is to carry out mining operations at Fanascatem Iron ore project located at villages Codli, Bandoli and Cormonem in Sangem taluk in South Goa district. The proposed rated capacity of the mine is at 0.30 mtpa from a mineable reserves of 3.315 mt. The project is estimated cost is at Rs.11 million
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