He also said that Assam, Jammu & Kashmir and Kerala will also join the mineral auction regime soon, expanding the mineral auction map of India to 17 states.
The production of some key minerals in India has continued to witness strong growth after reaching record production levels in FY24, the Ministry of Mines said in a statement on Friday.
For March 2024, the index was 156.1, which is 1.2 per cent higher as compared to the level in the same month last year.
The webinar was organised by the Ministry of Mines, and attended by more than 200 participants.
As per the provisional statistics of Indian Bureau of Mines (IBM), the cumulative growth for the period April to January 2023-24 over the corresponding period of previous year is 8.3 per cent.
The pavilion set up and presented by the Ministry of Mines, for the first time in the IITF-2023, under the theme "Connecting Beyond Mining" offers visitors a chance to explore and comprehend mines and minerals.
A Joint Venture Company among NALCO, HCL and MECL named Khanij Bidesh India Limited was formed in 2019 for sourcing strategic minerals like lithium and cobalt from overseas locations.
The state governments have auctioned 100 mineral blocks between March 2021 and August 2022, the Union Ministry of Mines has said. Moreover, since 2015, a total of 208 mineral blocks were auctioned in the country, it further informed, adding that commercial mining has been a great success in the country.
The New rules notified by the Ministry of Mines have kept mining of Atomic and HydroCarbons Energy Minerals of the Concession in the amendments of the Mines and Minerals (Development and Amendment) Act, 1957 (‘MMDR Act’).
According to reports, a magnetic bomb exploded on a bus carrying government employees from the Ministry of Mines and Petroleum.
