In a step towards diversifying its resource base and securing green energy minerals, India is poised to launch its first-ever offshore mineral auction in the first quarter of 2024, announced Union Minister of Mines Pralhad Joshi during the launch event of the National Geoscience Data Repository portal.
The government plans to hold auctions in March, offering 10-15 blocks for bidding.
Meanwhile, the ministry of mines is currently developing rules and regulations for offshore mining.
Addressing a workshop, the secretary made a special mention of the National Institute of Rock Mechanics (NIRM) for their inputs on assessing the quality of stones being used in the construction of Ram Mandir in Ayodhya.
Gearing up for the success of the first tranche of auction of Critical and Strategic Minerals, launched on 29th November, 2023, the Ministry of Mines conducted a roadshow here on 19th December, 2023, in the presence of Union Minister of Parliamentar
Last month, 20 critical mineral blocks, spread across the country in states including Bihar, Odisha, Uttar Pradesh, Chhattisgarh, Jharkhand, Tamil Nadu and the union territory of Jammu and Kashmir, were auctioned
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