India’s Mines Ministry will launch the nation’s first ever public sale of exploration licences on Thursday, forward of placing 13 blocks on sale to faucet mineral assets like zinc, diamond and copper.
Within the first section, the exploration licence blocks will cowl zinc, diamond and copper, by way of an internet bidding course of.
The public sale shall be launched in Goa.
With the enactment of the MMDR Modification Act, 2023, exploration licences have been launched to permit personal participation in reconnaissance and prospecting for 29 vital and deep-seated minerals, together with lithium, copper, cobalt, gold and silver.
The concept behind these licences is to make sure improve personal sector participation and velocity up exploration work as part of India’s push in direction of guaranteeing mineral safety and autonomous.
The programme can even characteristic a roadshow on the fifth tranche of vital mineral blocks, the Ministry stated in a press release.
