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De Beers - AEG
Fellowship
V.L.S. Bhimasankaram
Award
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Launched
on : 15th August, 2001
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Awardee
: Dr. V. Babu Rao, Scientist (Retd.) NGRI, Hyderabad
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Problem : Relook into Dharwar Craton with the aid of
geophysical maps
The Association of Exploration
Geophysicists (AEG), Hyderabad,
since inception is actively
engaged in providing a forum for
the Earth scientists on one hand
and the Geophysics industry on
the other hand for the exchange
of views and dissemination of
state of the art know how and
technology, by way of organising
Annual Conventions, Seminars and
Exhibitions of Exploration
Geophysics. In the context of
recently introduced policies of
economic liberalisation, by the
Government of India mineral
industry is now open for global
competition, several multi
nationals have evinced keen
interest in investment,
exploration and exploitation of
natural resources with joint
ventures with Indian companies
and Associations.
De
Beers (India) is one such MNC interested in exploration of diamond, gold and
other economic mineral deposits. Several state governments have come out with
proposals for joint ventures and De Beers have responded in the field of
exploration for diamonds. De Beers, as is expected to get concessional areas on
its own in and around in parts of M.P., Orissa, A.P. and Karnataka.
The
Fellowship was named after Prof.V.L.S. Bhimasankaram Award and was designated
as De Beers-AEG Fellowship. Under the Fellowship, Dr.V. Babu Rao, a Retired
Scientist of NGRI was selected as the first recipient of the Award and R &
D project got started on August 15th, 2001. During the first year of the
project Dr.Babu Rao analysed the geophysical evaluation of the Dharwar craton,
later, he and Prof. S.Acharya, Professor of geology and former Vice-Chancellor
of Utkal University have analysed the project on the geological and geophysical
evaluation of the Bhandara and Singbhum cratons.
The
project was concluded in May, 2004.