+
NMET approves exploration projects for gold and REE in Tamil Nadu
COAL & MINING

NMET approves exploration projects for gold and REE in Tamil Nadu

Tamil Nadu has received approval for new mineral exploration projects targeting gold and rare-earth elements (REE) in Krishnagiri and Tiruppur districts, as well as a graphite exploration project in the Arasanur East block by Kudremukh Iron Ore Company Limited. The National Mineral Exploration Trust has endorsed these initiatives submitted by Mineral Exploration and Consultancy Ltd, formerly known as Mineral Exploration and Corporation Limited.

The state, renowned for its mineral wealth, has witnessed a rise in mineral revenue from Rs 9.83 billion in 2020-21 to Rs 18.36 billion in 2023-24, according to the Tamil Nadu Natural Resources Department Policy Note for 2024-2025. To further boost revenue, on-going exploration efforts are being conducted through agencies like the Geological Survey of India, Mineral Exploration and Consultancy, and Kudremukh Iron Ore Corporation Limited. These agencies have submitted comprehensive geological reports covering minerals such as limestone, dunite, iron ore, graphite, gold, platinum group elements, and molybdenum. District-wise survey reports are accessible on respective district websites.

The Policy Note highlighted significant challenges posed by illicit mining and mineral transportation, which not only deprive the state of rightful revenue but also degrade the environment. In response, the government has implemented stringent measures including the use of drone technology, the Mining Surveillance System, and the Online Mineral Management System.

Moreover, the department has identified ten limestone blocks in Ariyalur and Cuddalore districts for auctioning mining leases. The Notice Inviting Tender (NIT) was published on March 4, 2024, adhering to the Mineral Auction Rules, 2015, and the tender process is currently underway. Anticipated revenue from these auctions is expected to be substantial upon successful completion. Additionally, new mineral blocks containing gold and limestone have been identified, with geological reports already submitted by exploration agencies. Auctions for these blocks are slated to commence shortly, as outlined in the Policy Note.

(Source: Hindu BusinessLine)

Tamil Nadu has received approval for new mineral exploration projects targeting gold and rare-earth elements (REE) in Krishnagiri and Tiruppur districts, as well as a graphite exploration project in the Arasanur East block by Kudremukh Iron Ore Company Limited. The National Mineral Exploration Trust has endorsed these initiatives submitted by Mineral Exploration and Consultancy Ltd, formerly known as Mineral Exploration and Corporation Limited. The state, renowned for its mineral wealth, has witnessed a rise in mineral revenue from Rs 9.83 billion in 2020-21 to Rs 18.36 billion in 2023-24, according to the Tamil Nadu Natural Resources Department Policy Note for 2024-2025. To further boost revenue, on-going exploration efforts are being conducted through agencies like the Geological Survey of India, Mineral Exploration and Consultancy, and Kudremukh Iron Ore Corporation Limited. These agencies have submitted comprehensive geological reports covering minerals such as limestone, dunite, iron ore, graphite, gold, platinum group elements, and molybdenum. District-wise survey reports are accessible on respective district websites. The Policy Note highlighted significant challenges posed by illicit mining and mineral transportation, which not only deprive the state of rightful revenue but also degrade the environment. In response, the government has implemented stringent measures including the use of drone technology, the Mining Surveillance System, and the Online Mineral Management System. Moreover, the department has identified ten limestone blocks in Ariyalur and Cuddalore districts for auctioning mining leases. The Notice Inviting Tender (NIT) was published on March 4, 2024, adhering to the Mineral Auction Rules, 2015, and the tender process is currently underway. Anticipated revenue from these auctions is expected to be substantial upon successful completion. Additionally, new mineral blocks containing gold and limestone have been identified, with geological reports already submitted by exploration agencies. Auctions for these blocks are slated to commence shortly, as outlined in the Policy Note. (Source: Hindu BusinessLine)

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code