Govt Launches First Offshore Mining Block Auction
COAL & MINING

Govt Launches First Offshore Mining Block Auction

The Central Government has initiated the first-ever auction of 13 offshore mineral blocks under the Offshore Areas Minerals (Development and Regulation) Act, 2002, offering composite licences (exploration-cum-production). The auction was launched on November 28, 2024, and includes: 

  • 3 construction sand blocks off the Kerala coast 
  • 3 lime mud blocks off the Gujarat coast 
  • 7 polymetallic nodule and crust blocks near Great Nicobar Island 
Before notification, the Ministry of Mines consulted key stakeholders including the Ministry of Environment, Forest and Climate Change (MoEF&CC) and the Department of Fisheries, securing their no objection as per the Offshore Areas Operating Right Rules, 2024. 

To safeguard marine ecosystems, offshore blocks were carefully demarcated to exclude 130 Marine Protected Areas and 106 identified Important Coastal and Marine Biodiversity Areas (ICMBAs). 

Key regulatory provisions under the new Offshore Areas Mineral (Auction) Rules, 2024 and Offshore Areas Mineral Conservation and Development Rules, 2024 mandate that production can only begin after all environmental and legal clearances are secured, and a detailed production plan—including an environmental management plan—is in place.
 
Additionally, the Offshore Areas Mineral Trust has been set up as a non-profit body (notified on August 9, 2024), with coastal states represented in its governance. Trust funds will be used for ecological research, environmental mitigation, disaster relief, and welfare of people impacted by offshore operations. 

This update was shared by Union Coal and Mines Minister G. Kishan Reddy in a written reply in the Lok Sabha. 

(PIB)    

The Central Government has initiated the first-ever auction of 13 offshore mineral blocks under the Offshore Areas Minerals (Development and Regulation) Act, 2002, offering composite licences (exploration-cum-production). The auction was launched on November 28, 2024, and includes: 3 construction sand blocks off the Kerala coast 3 lime mud blocks off the Gujarat coast 7 polymetallic nodule and crust blocks near Great Nicobar Island Before notification, the Ministry of Mines consulted key stakeholders including the Ministry of Environment, Forest and Climate Change (MoEF&CC) and the Department of Fisheries, securing their no objection as per the Offshore Areas Operating Right Rules, 2024. To safeguard marine ecosystems, offshore blocks were carefully demarcated to exclude 130 Marine Protected Areas and 106 identified Important Coastal and Marine Biodiversity Areas (ICMBAs). Key regulatory provisions under the new Offshore Areas Mineral (Auction) Rules, 2024 and Offshore Areas Mineral Conservation and Development Rules, 2024 mandate that production can only begin after all environmental and legal clearances are secured, and a detailed production plan—including an environmental management plan—is in place. Additionally, the Offshore Areas Mineral Trust has been set up as a non-profit body (notified on August 9, 2024), with coastal states represented in its governance. Trust funds will be used for ecological research, environmental mitigation, disaster relief, and welfare of people impacted by offshore operations. This update was shared by Union Coal and Mines Minister G. Kishan Reddy in a written reply in the Lok Sabha. (PIB)    

Next Story
Real Estate

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Next Story
Real Estate

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Next Story
Technology

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement