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India set to launch first-ever offshore mineral auction in Q1 FY24

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. ....

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Government to launch second round of critical minerals auction before February

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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