Mines Ministry approves Rs154.8 crore for mineral exploration and expansion projects

12 Jan 2023 , 08:48 AM

Projects of mineral exploration and enhancing institutional capabilities in exploration worth Rs154.84 crore were approved in the Executive Committee (EC) meeting of National Mineral Exploration Trust (NMET), Ministry of Mines held under the chairmanship of Vivek Bharadwaj, Secretary, Ministry of Mines.

According to the statement, the mineral exploration project includes Graphite, Iron, Coal, Zinc & associated minerals, Bauxite, Basemetal (Pb, Zn & Cu), Phosphorite/Glauconitic sandstone, PGE & associated minerals (Chromium, Nickel, Cobalt), Tin & associated minerals, Manganese and Limestone to boost the mineral exploration in the country.

Financial assistance for enhancing mineral exploration and institutional capabilities of Geological Survey of India (GSI), Indian Bureau of Mines (IBM) and State DGMs/DMGs was also approved, the statement said.

Further, these mineral exploration projects and financial assistance to the exploration agencies will provide auctionable mineral blocks to the country and will help in realizing the Aatmanirbhar Bharat in mining sector. 

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