Synopsis
An MoU was also signed between Odisha Mineral Exploration Corp Ltd (OMECL) and Mineral Exploration Corp Ltd (MECL) for exploration of mineral blocks of OMECL. In order to expedite the auction of mineral blocks in Odisha, relaxation in norms is also being considered, Joshi said.
The Mineral Laws (Amendment) Ordinance, 2020, in January 2020, that broadly mandated the state governments to take advance action for auction of mineral blocks so that the new lease holder could be decided before the existing lease gets expired.
State-run NALCO will invest nearly Rs 30,000 crore on expansion and diversification plans, union coal and mines minister Pralhad Joshi said on Wednesday.