亚博体育官网首页

Exploring Minerals Under NMEP
COAL & MINING

Exploring Minerals Under NMEP

The Geological Survey of India (GSI), under the Ministry of Mines, has implemented various strategies to enhance mineral exploration in line with the National Mineral Exploration Policy (NMEP). These initiatives aim to identify new mineral-rich regions and expand exploration activities across the country.

As part of the National Geochemical Mapping (NGCM) program, GSI has surveyed 21.39 lakh sq. km in priority areas to detect elemental concentrations. Under the National Geophysical Mapping (NGPM) program, 16.84 lakh sq. km has been mapped. Additionally, the National Aero-Geophysical Mapping Programme (NAGMP) was launched to acquire aero-geophysical data at an 80-meter height and 120-meter spacing in soil-covered terrains. Surveying under NAGMP has been completed in seven blocks, identifying 322 anomaly areas.

GSI has intensified its mineral exploration programs, focusing on critical and strategic minerals. Between 2016-17 and 2023-24, a total of 2,169 exploration programs were undertaken, including 704 projects on critical and strategic minerals. For 2024-25, 437 exploration programs are planned, with 195 dedicated to critical and strategic minerals.

Systematic mapping of 20.43 lakh sq. km within India's Exclusive Economic Zone (EEZ) has been completed, leading to the identification of 5.89 lakh Offshore Prospective Areas (OPA) for mineral exploration, including heavy minerals, polymetallic nodules, and construction sand. Preliminary surveys (G4) and close-grid exploration (G3) are being conducted in these areas to enhance offshore mineral resource potential.

Significant mineral blocks discovered include rare earth elements (REE) in Maharashtra, Bihar, and Karnataka, tungsten and lithium in Rajasthan, nickel in Karnataka, and vanadium and graphite in Arunachal Pradesh and Jharkhand. Other key discoveries include copper and gold in Karnataka, potash in Rajasthan, phosphorite in Chhattisgarh, and iron ore in Odisha.

Under the MMDR Amendment Acts of 2021 and 2023, provisions have been introduced to facilitate private sector participation in exploration. Accredited private exploration agencies can now conduct exploration without a prospecting license and receive funding under the National Mineral Exploration Trust (NMET). Additionally, an Exploration Licence (EL) has been introduced for 29 critical and deep-seated minerals.

The Ministry of Mines has notified 31 private exploration agencies (NPEAs), and NMET has funded 72 projects with a total approved cost of Rs 1.22 billion. A mobilization advance of up to 30 per cent of the project cost is available against a bank guarantee. NMET also provides partial reimbursement of exploration expenses, covering up to 50 per cent of direct costs for EL holders (Rs 200 million cap) and composite license holders (Rs 80 million cap). Additionally, NMET offers a 25 per cemt exploration incentive for G4 projects in greenfield areas that advance to G3 stage.

News source: PIB

The Geological Survey of India (GSI), under the Ministry of Mines, has implemented various strategies to enhance mineral exploration in line with the National Mineral Exploration Policy (NMEP). These initiatives aim to identify new mineral-rich regions and expand exploration activities across the country. As part of the National Geochemical Mapping (NGCM) program, GSI has surveyed 21.39 lakh sq. km in priority areas to detect elemental concentrations. Under the National Geophysical Mapping (NGPM) program, 16.84 lakh sq. km has been mapped. Additionally, the National Aero-Geophysical Mapping Programme (NAGMP) was launched to acquire aero-geophysical data at an 80-meter height and 120-meter spacing in soil-covered terrains. Surveying under NAGMP has been completed in seven blocks, identifying 322 anomaly areas. GSI has intensified its mineral exploration programs, focusing on critical and strategic minerals. Between 2016-17 and 2023-24, a total of 2,169 exploration programs were undertaken, including 704 projects on critical and strategic minerals. For 2024-25, 437 exploration programs are planned, with 195 dedicated to critical and strategic minerals. Systematic mapping of 20.43 lakh sq. km within India's Exclusive Economic Zone (EEZ) has been completed, leading to the identification of 5.89 lakh Offshore Prospective Areas (OPA) for mineral exploration, including heavy minerals, polymetallic nodules, and construction sand. Preliminary surveys (G4) and close-grid exploration (G3) are being conducted in these areas to enhance offshore mineral resource potential. Significant mineral blocks discovered include rare earth elements (REE) in Maharashtra, Bihar, and Karnataka, tungsten and lithium in Rajasthan, nickel in Karnataka, and vanadium and graphite in Arunachal Pradesh and Jharkhand. Other key discoveries include copper and gold in Karnataka, potash in Rajasthan, phosphorite in Chhattisgarh, and iron ore in Odisha. Under the MMDR Amendment Acts of 2021 and 2023, provisions have been introduced to facilitate private sector participation in exploration. Accredited private exploration agencies can now conduct exploration without a prospecting license and receive funding under the National Mineral Exploration Trust (NMET). Additionally, an Exploration Licence (EL) has been introduced for 29 critical and deep-seated minerals. The Ministry of Mines has notified 31 private exploration agencies (NPEAs), and NMET has funded 72 projects with a total approved cost of Rs 1.22 billion. A mobilization advance of up to 30 per cent of the project cost is available against a bank guarantee. NMET also provides partial reimbursement of exploration expenses, covering up to 50 per cent of direct costs for EL holders (Rs 200 million cap) and composite license holders (Rs 80 million cap). Additionally, NMET offers a 25 per cemt exploration incentive for G4 projects in greenfield areas that advance to G3 stage. News source: PIB

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement