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The government announced the auctioning of 76 mineral blocks in 2023, with 30 for mining lease and 46 as composite licenses. Madhya Pradesh and Rajasthan led in block auctions. Iron Ore and limestone were among the highest auctioned minerals this year.
Of the 76 mineral blocks, 30 mineral blocks were auctioned for mining lease and the remaining 46 were sold as a composite licence.
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
Critical minerals are the resources of the future — and essential for the country’s economic development and national security. The government has identified 30 of these minerals, and created a legal framework for their mining in India
The proposed bill is quite ambitious in its scope and will significantly modernise the legal framework governing the sector.