Govt likely to auction offshore minerals in March financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
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
In a bid to boost exploration for critical minerals, India s Ministry of Mines will directly authorize exploration projects to private agencies. Notified private exploration agencies can now bid for mineral blocks they ve explored, encouraging larger companies to engage in mining exploration. The move aims to expedite project approval and execution while attracting global junior mining firms. 17 projects, predominantly focused on critical minerals, have already been sanctioned through the National Mineral Exploration Trust.
Easier rules for critical minerals hunt financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The scheme aims to boost activities in the country for exploration of critical and strategic minerals while also easing out the reimbursement and funding operations of the NPEA through the National Mineral Exploration Trust (NMET). The NMET is a non-profit body under the Mines Ministry for promoting mineral exploration.