The Ministry of Mines launched the 9th tranche of critical and strategic mineral block auctions and the 3rd tranche of exploration licence auctions on the first day of the 4th Conference of Mining Ministers in Goa. The critical mineral auction includes 20 blocks across eight states featuring rare earth elements, graphite, and vanadium, while the exploration licence auction comprises 11 blocks across six states.
In addition to the auctions, the government launched ANVESH and EKAM, two digital portals developed by the Indian Bureau of Mines. The ANVESH portal is designed to provide access to and analysis of mining statistics, including mineral production, despatch, sale quantities, average sale prices, imports, and exports. The conference focused on enhancing Centre-State coordination, accelerating mineral exploration, and boosting domestic mineral production.
What it means
- The government has put up 20 critical and strategic mineral blocks across eight states for auction, covering minerals like rare earth elements, graphite, and vanadium.
- Auctions have opened for 11 mineral exploration blocks located across six states.
- Mining sector data, including production, sale prices, imports, and exports, will be accessible via the newly introduced ANVESH digital portal.
Source
Press Information Bureau, Government of India, “Day 1 of 4th Conference of Mining Ministers Witnesses Major Initiatives, Key Deliberations and Renewed Push for Centre–State Coordination”. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
Official RBI, SEBI, Government and Defence updates as they happen.
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