Govt finalising new mineral exploration policy

PTI New Delhi | Updated on January 20, 2018 Published on March 14, 2016

The Centre today said that it is in the process of finalising a new national mineral exploration policy, which will seek to tap the private sector.

“The Ministry of Mines is in the process of finalising a National Mineral Exploration Policy (NMEP) to outline the action plan for ensuring comprehensive exploration of the country’s mineral resources (non-fuel and non-coal),” Minister of State for Mines and Steel Vishnu Deo Sai said a written reply to Lok Sabha.

The policy proposes participation of private entrepreneurs in mineral exploration through a transparent method, the Minister said. “After finalisation of NMEP, these blocks may be taken up for auction,” he said.

The Geological Survey of India has identified 108 mineral blocks for regional exploration, the Minister said adding that the mineral blocks are located in 23 States, including Rajasthan, Gujarat, Bihar and Jharkhand.

Published on March 14, 2016
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