NMET approves 309 mineral exploration projects worth Rs 21 bn
COAL & MINING

NMET approves 309 mineral exploration projects worth Rs 21 bn

The National Mineral Exploration Trust (NMET) has granted approval to 309 projects, with an estimated total cost of Rs 21 billion, for conducting regional and detailed exploration activities throughout the country.

Among these 309 sanctioned projects, 151 have reached completion, while the remaining 158 are progressing through various stages.

The respective State Governments have successfully auctioned eleven blocks, generating revenue of Rs 1.69 trillion, as reported by the Ministry of Mines.

In its mineral exploration endeavours, NMET is also financially supporting projects aimed at generating fundamental geoscience data. This includes conducting multi-sensor aero-geophysical surveys under the National Aero-Geophysical Mapping Program and the National Geophysical Mapping Programme. These initiatives are being executed by the Geological Survey of India (GSI) and will assist in identifying potential areas, including concealed and deep-seated target areas for further mineral exploration.

Furthermore, NMET is funding the development of the National Geoscience Data Repository (NGDR) Portal by GSI, which is set to launch shortly.

Union Minister Pralhad Joshi, while chairing a Consultative Committee meeting for the Ministry of Coal and Mines, expressed that the Central government is providing substantial financial and technological support to State governments. This support aims to bolster mineral exploration efforts and enhance India's self-reliance in this sector. Joshi also highlighted ongoing efforts to expedite the auction process for critical minerals within India.

Joshi further elaborated that NMET has devised and disseminated schemes to provide financial assistance for the procurement of machinery, equipment, instruments, and the upgrading of existing software and other cutting-edge technologies in both Central government organisations and State Directorate of Geology and Mining (DGMs). These initiatives are geared towards strengthening technical infrastructure.

It has been decided that 25% of the project cost will be designated as an incentive for projects focused on exploring deep-seated and critical minerals.

The National Mineral Exploration Trust (NMET) has granted approval to 309 projects, with an estimated total cost of Rs 21 billion, for conducting regional and detailed exploration activities throughout the country. Among these 309 sanctioned projects, 151 have reached completion, while the remaining 158 are progressing through various stages. The respective State Governments have successfully auctioned eleven blocks, generating revenue of Rs 1.69 trillion, as reported by the Ministry of Mines. In its mineral exploration endeavours, NMET is also financially supporting projects aimed at generating fundamental geoscience data. This includes conducting multi-sensor aero-geophysical surveys under the National Aero-Geophysical Mapping Program and the National Geophysical Mapping Programme. These initiatives are being executed by the Geological Survey of India (GSI) and will assist in identifying potential areas, including concealed and deep-seated target areas for further mineral exploration. Furthermore, NMET is funding the development of the National Geoscience Data Repository (NGDR) Portal by GSI, which is set to launch shortly. Union Minister Pralhad Joshi, while chairing a Consultative Committee meeting for the Ministry of Coal and Mines, expressed that the Central government is providing substantial financial and technological support to State governments. This support aims to bolster mineral exploration efforts and enhance India's self-reliance in this sector. Joshi also highlighted ongoing efforts to expedite the auction process for critical minerals within India. Joshi further elaborated that NMET has devised and disseminated schemes to provide financial assistance for the procurement of machinery, equipment, instruments, and the upgrading of existing software and other cutting-edge technologies in both Central government organisations and State Directorate of Geology and Mining (DGMs). These initiatives are geared towards strengthening technical infrastructure. It has been decided that 25% of the project cost will be designated as an incentive for projects focused on exploring deep-seated and critical minerals.

Next Story
Infrastructure Urban

NHAI Defends Use of Mamallapuram Pond for ECR Project Ramp

                                                The National Highways Authority of India (NHAI) has informed the National Green Tribunal (NGT) that it was compelled to use a portion of a pond in Mamallapuram to construct an exit ramp for the East Coast Road (ECR) four-laning project between Mamallapuram and Puducherry. The clarification comes in response to a petition alleging that the construction encroached on the waterbody without valid justification.In its submission..

Next Story
Infrastructure Transport

Tiruvallur Begins Full Audit of Accident-Prone Roads

Tiruvallur, a fast-growing logistics and residential hub on Chennai’s northwestern edge, has begun a comprehensive audit of fatal and non-fatal road accidents across the district.Special task forces made up of transport, police, and revenue officials have started field investigations at high-risk locations such as Red Hills, Poonamallee, and Tiruvallur town.The initiative follows an alarming 188 road crashes, including 49 fatalities, reported in February alone. Tiruvallur Collector M. Prathap has directed officials to analyse five years’ worth of crash data to assess if road design flaws o..

Next Story
Infrastructure Urban

Modi Hands Over 51K Job Letters, Urges Youth to Drive Growth

Prime Minister Narendra Modi on Monday distributed over 51,000 appointment letters to newly recruited youth in various government departments and organisations, addressing them via videoconferencing during the Rozgar Mela.Speaking to the gathering, Modi said today marks the beginning of new responsibilities for the recruits. He urged them to strengthen India’s economy, boost internal security, help build modern infrastructure, and bring meaningful change to people's lives. The sincerity with which they perform their duties, he said, would directly impact India’s journey towards becoming a ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?