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
Building Material

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Next Story
Building Material

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Next Story
Building Material

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App