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 8th tranche comprises 20 mineral blocks, including three Mining Lease blocks and 17 Composite Licence blocks. The blocks cover a range of critical and strategic minerals, including 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, the auction framework, bidding process and investment opportunities in the critical and strategic minerals sector.
MECL will make detailed presentations on the mineral blocks, while SBI Capital Markets (SBICAPS) will explain the mineral auction process and tender documents. MSTC will provide an overview of the e-auction process.
The programme will also feature a presentation on the NMEDT scheme, which provides for partial reimbursement of exploration expenses for Composite Licence holders. An open-house discussion will follow, allowing stakeholders to raise queries related to the auction process.
The second half of the programme will feature a workshop on ‘Mineral Exploration: Planning, Execution and Reporting’.
The workshop 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. Senior officers from the Geological Survey of India will conduct technical sessions.
