+
Mines Ministry to Launch Exploration License Auction
COAL & MINING

Mines Ministry to Launch Exploration License Auction

The Ministry of Mines will launch the first tranche of the Exploration License auction in March 2025, Union Minister of Coal and Mines G Kishan Reddy announced in New Delhi. This follows the 2023 amendment to the MMDR Act, enabling the grant of exploration licenses for critical and deep-seated minerals through auction. Assam, Jammu & Kashmir, and Kerala will soon join India’s mineral auction regime, expanding the country’s mineral map to 17 states. The Geological Survey of India (GSI) has undertaken 450 exploration projects for the 2025-26 field season, including 227 focused on critical minerals. Advanced technologies like heliborne geophysical surveys, AI/ML tools, and drones are being deployed for faster data acquisition and mineral discovery. Mineral Exploration Corporation Limited (MECL) reported a 35% increase in exploratory drilling and submitted 33 geological reports in 2024. Meanwhile, the National Mineral Exploration Trust (NMET) approved 146 exploration projects worth Rs 7.12 billion over the past year, introducing innovative funding schemes to boost private sector participation. The sector is also witnessing enhanced private involvement, with 28 Notified Private Exploration Agencies (NPEAs) registered by 2024. Policy reforms have relaxed guidelines for exploration near border areas, streamlining the process within 20 km of the border in coordination with the Ministry of Defence. To strengthen data-driven decision-making, GSI is establishing an AI-enabled Data Processing Centre in Bengaluru. The Ministry of Mines also hosted the Mineral Exploration Hackathon in July 2024, promoting emerging technologies for geophysical data analysis. A dedicated Mining Tenement System (MTS) launched modules for real-time price data and mine closure plans in January 2024. The National Critical Mineral Mission (NCMM) was approved with a Rs 163 billion budget and an expected Rs 180 billion investment, focusing on domestic production, recycling, overseas acquisitions, and R&D. A new Tailings Policy is being introduced to recover minerals like Gallium, Tellurium, and Selenium from mining waste. Since 2024, 335 mineral blocks have been auctioned, with 106 successfully awarded. Telangana, Bihar, and Arunachal Pradesh conducted their first-ever auctions, with Assam, Jammu & Kashmir, and Kerala set to follow. A dedicated Project Management Unit (PMU) has been established to ensure faster operationalisation of auctioned mines, supported by professionals in Delhi and state-level teams. The National Mining Ministers’ Conference held in Bhubaneswar in January 2025 focused on state-level performance and best practices. Additionally, the Geological Survey of India will commemorate its 175th anniversary from March 2025 to March 2026 with seminars, outreach programs, and cultural events. These initiatives reflect the Ministry’s commitment to strengthening India’s mining ecosystem through innovation, policy reforms, and industry collaboration, positioning the country as a global leader in mineral exploration and production. (PIB)

The Ministry of Mines will launch the first tranche of the Exploration License auction in March 2025, Union Minister of Coal and Mines G Kishan Reddy announced in New Delhi. This follows the 2023 amendment to the MMDR Act, enabling the grant of exploration licenses for critical and deep-seated minerals through auction. Assam, Jammu & Kashmir, and Kerala will soon join India’s mineral auction regime, expanding the country’s mineral map to 17 states. The Geological Survey of India (GSI) has undertaken 450 exploration projects for the 2025-26 field season, including 227 focused on critical minerals. Advanced technologies like heliborne geophysical surveys, AI/ML tools, and drones are being deployed for faster data acquisition and mineral discovery. Mineral Exploration Corporation Limited (MECL) reported a 35% increase in exploratory drilling and submitted 33 geological reports in 2024. Meanwhile, the National Mineral Exploration Trust (NMET) approved 146 exploration projects worth Rs 7.12 billion over the past year, introducing innovative funding schemes to boost private sector participation. The sector is also witnessing enhanced private involvement, with 28 Notified Private Exploration Agencies (NPEAs) registered by 2024. Policy reforms have relaxed guidelines for exploration near border areas, streamlining the process within 20 km of the border in coordination with the Ministry of Defence. To strengthen data-driven decision-making, GSI is establishing an AI-enabled Data Processing Centre in Bengaluru. The Ministry of Mines also hosted the Mineral Exploration Hackathon in July 2024, promoting emerging technologies for geophysical data analysis. A dedicated Mining Tenement System (MTS) launched modules for real-time price data and mine closure plans in January 2024. The National Critical Mineral Mission (NCMM) was approved with a Rs 163 billion budget and an expected Rs 180 billion investment, focusing on domestic production, recycling, overseas acquisitions, and R&D. A new Tailings Policy is being introduced to recover minerals like Gallium, Tellurium, and Selenium from mining waste. Since 2024, 335 mineral blocks have been auctioned, with 106 successfully awarded. Telangana, Bihar, and Arunachal Pradesh conducted their first-ever auctions, with Assam, Jammu & Kashmir, and Kerala set to follow. A dedicated Project Management Unit (PMU) has been established to ensure faster operationalisation of auctioned mines, supported by professionals in Delhi and state-level teams. The National Mining Ministers’ Conference held in Bhubaneswar in January 2025 focused on state-level performance and best practices. Additionally, the Geological Survey of India will commemorate its 175th anniversary from March 2025 to March 2026 with seminars, outreach programs, and cultural events. These initiatives reflect the Ministry’s commitment to strengthening India’s mining ecosystem through innovation, policy reforms, and industry collaboration, positioning the country as a global leader in mineral exploration and production. (PIB)

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?