+
Mines Ministry Launches Third E-Auction for Mineral Blocks
COAL & MINING

Mines Ministry Launches Third E-Auction for Mineral Blocks

The Ministry of Mines has initiated the third tranche of e-auctions for seven critical mineral blocks, marking another step towards transparent and efficient allocation of natural resources in India. This move underscores the government's commitment to promoting sustainable development and equitable distribution of mineral wealth across the nation.

The e-auction process for mineral blocks has been a cornerstone of the government's efforts to reform the mining sector and attract investments. By leveraging technology and adopting transparent auction mechanisms, the Ministry aims to ensure fair competition and optimise resource utilisation while adhering to environmental and regulatory norms.

The seven mineral blocks being auctioned in this phase encompass various critical minerals essential for industrial and infrastructural development. The transparent allocation of these blocks through the e-auction process is expected to foster greater investor confidence and stimulate growth in the mining sector.

Furthermore, the e-auction initiative aligns with the government's broader agenda of promoting responsible mining practices and enhancing domestic production of minerals. By encouraging private sector participation and investment in mineral exploration and extraction, the government seeks to reduce dependency on imports and bolster India's self-reliance in critical minerals.

The Ministry of Mines has emphasised the importance of sustainable mining practices and community engagement in the development of mineral resources. As part of the e-auction process, bidders are required to adhere to stringent environmental and social impact assessment guidelines to mitigate any adverse effects on local communities and ecosystems.

In conclusion, the launch of the third tranche of e-auctions for mineral blocks underscores the government's proactive approach towards fostering transparency, efficiency, and sustainability in the mining sector. This initiative is poised to unlock the potential of India's mineral resources while contributing to economic growth, job creation, and national development agendas.

The Ministry of Mines has initiated the third tranche of e-auctions for seven critical mineral blocks, marking another step towards transparent and efficient allocation of natural resources in India. This move underscores the government's commitment to promoting sustainable development and equitable distribution of mineral wealth across the nation. The e-auction process for mineral blocks has been a cornerstone of the government's efforts to reform the mining sector and attract investments. By leveraging technology and adopting transparent auction mechanisms, the Ministry aims to ensure fair competition and optimise resource utilisation while adhering to environmental and regulatory norms. The seven mineral blocks being auctioned in this phase encompass various critical minerals essential for industrial and infrastructural development. The transparent allocation of these blocks through the e-auction process is expected to foster greater investor confidence and stimulate growth in the mining sector. Furthermore, the e-auction initiative aligns with the government's broader agenda of promoting responsible mining practices and enhancing domestic production of minerals. By encouraging private sector participation and investment in mineral exploration and extraction, the government seeks to reduce dependency on imports and bolster India's self-reliance in critical minerals. The Ministry of Mines has emphasised the importance of sustainable mining practices and community engagement in the development of mineral resources. As part of the e-auction process, bidders are required to adhere to stringent environmental and social impact assessment guidelines to mitigate any adverse effects on local communities and ecosystems. In conclusion, the launch of the third tranche of e-auctions for mineral blocks underscores the government's proactive approach towards fostering transparency, efficiency, and sustainability in the mining sector. This initiative is poised to unlock the potential of India's mineral resources while contributing to economic growth, job creation, and national development agendas.

Next Story
Infrastructure Transport

Cabinet Clears Rs 15.07 Bn Greenfield Airport Project in Kota-Bundi

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the Airports Authority of India’s (AAI) proposal for the development of a Greenfield Airport at Kota-Bundi, Rajasthan, at an estimated cost of Rs 15.07 billion.Kota, located on the banks of the Chambal River, is widely recognised as the industrial capital of Rajasthan and a prominent educational coaching hub. To support the region’s growing needs, the Government of Rajasthan has handed over 440.06 hectares of land to AAI for the project.The new Greenfield Airport will be designed to handle oper..

Next Story
Infrastructure Urban

Govt may extend MSME NPA classification period to 180 days

The Union government is considering a proposal to extend the non-performing asset (NPA) classification period for loans to micro, small and medium enterprises (MSMEs) from the existing 90 days to 180 days, according to a senior government official who requested anonymity.“The proposal to extend the loan default period for MSMEs from 90 days to 180 days is likely to be taken up by the Cabinet soon,” the official said.The move is expected to provide relief to cash-strapped MSMEs, especially against the backdrop of steep US tariffs, giving them more time to regularise their loan repayments.Ne..

Next Story
Infrastructure Urban

FedEx, IIT Madras Launch SMART Centre for Sustainable, AI-led Logistics

FedEx has partnered with the Indian Institute of Technology (IIT) Madras to inaugurate the SMART Centre (Supply Chain Modelling, Algorithms, Research and Technology Centre) on the institute’s campus. The facility will drive innovation in sustainable and AI-driven logistics solutions. Backed by a five-year $5 million grant from FedEx, the SMART Centre aims to combine advanced research, digital technologies, and industry expertise to transform supply chains with a focus on agility, resilience, and environmental responsibility.The centre will also spearhead interdisciplinary projects in ar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?