Offshore Minerals News Today

The Geological Survey of India has already handed over 35 offshore mineral blocks for auction to the government and 24 more blocks are in pipeline to be handed over.

A bill that seeks to provide a fixed 50-year production lease for offshore minerals was cleared by the Rajya Sabha on Thursday. | Latest News India

Replying to the debate on the Bill, Coal and Mines Minister Pralhad Joshi  said the Bill aims to create a transparent auction route for allocation of mines.