Bihar : Roadshow on Critical Mineral Auction to be held in Patna on Aug 17
Patna (Bihar), Aug 16 (TNT): The Ministry of Mines, will organise a roadshow on the 8th tranche of auction of critical and strategic mineral blocks and a workshop on the National Mineral Exploration and Development Trust (NMEDT) in Patna on Monday.
The programme will be chaired by Union Minister of State for Coal and Mines Satish Chandra Dubey in the presence of Bihar Chief Minister Samrat Choudhary and State Mines Minister Pramod Kumar.
Senior officials of the Ministry of Mines and Bihar government, Geological Survey of India (GSI), Mineral Exploration and Consultancy Limited (MECL), industry representatives and prospective investors are expected to participate.
The eighth tranche comprises 20 mineral blocks, including three Mining Lease and 17 Composite Licence blocks.
The blocks cover critical and strategic minerals such as graphite, rare earth elements, rare metals, vanadium, gallium, titanium, molybdenum, tungsten, potash, phosphorite and glauconite.
The roadshow will provide investors and industry stakeholders information on the mineral potential of the blocks, auction framework, bidding process and investment opportunities in the critical and strategic minerals sector.
MECL will make presentations on the mineral blocks, while SBICAPS will explain the mineral auction process and tender document.
MSTC will make a presentation on the e-auction process.
The programme will also feature a presentation on the NMEDT scheme, which provides for partial reimbursement of exploration expenses to Composite Licence holders, followed by an open-house discussion with stakeholders on the auction process.
The second half of the programme will feature a workshop on Mineral Exploration: Planning, Execution and Reporting.
Technical sessions by senior GSI officers will cover India’s mineral exploration potential, the National Geoscience Data Repository (NGDR), preparation of exploration blocks using NGDR and preparation of mineral exploration reports.
The initiative is aimed at promoting mineral exploration, accelerating development of critical and strategic mineral resources and enhancing private-sector participation in the sector.
The Ministry said the initiative would also contribute to strengthening India’s mineral security and advancing the broader objective of Atmanirbhar Bharat by facilitating domestic exploration and development of minerals required for emerging technologies, clean energy and other strategic sectors.
TNT KS
