Ministry of Mines Showcases New Exploration Licence Regime
10 Apr 2025
2 Min Read
CW Team
The Ministry of Mines held a national workshop and roadshow today at The Ambassador Hotel in New Delhi to raise awareness about the newly introduced Exploration Licence (EL) regime and the upcoming Tranche-1 auction of EL blocks.
In his keynote address, Mines Secretary V.L. Kantha Rao described the EL policy as a major step forward in tapping into India's untapped reserves of key minerals like lithium, gold, rare earth elements (REEs), and diamonds. He said the new regime shifts focus from passive mineral ownership to active exploration, opening the door for private sector involvement in early-stage mineral discovery.
A detailed session on the EL framework was presented by Mustaq Ahmad, Director at the Ministry, who explained how the policy encourages private sector participation, use of advanced exploration technology, and creation of a robust pipeline of mineral resources critical for India’s future growth.
The Geological Survey of India (GSI) shared technical insights into the mineral potential of EL blocks across ten states. GSI’s Deputy Director General S.K. Basir emphasized the strategic importance of these sites based on initial reconnaissance studies.
To help participants understand the bidding process, SBI Capital Markets' Vice President Lovesh Singla provided a breakdown of the e-auction system, eligibility rules, and tender structure. A demo of the MSTC e-auction platform was also conducted by Setu D Sharma, Senior Manager at MSTC, who explained how the system ensures transparency and security.
Sebabrata Das from the National Mineral Exploration Trust (NMET) spoke about a financial support scheme that offers partial reimbursement of exploration costs to EL holders—an initiative aimed at reducing investor risk and boosting participation.
Closing the event, Additional Secretary Sanjay Lohiya reaffirmed the Ministry’s goal to build a competitive, tech-driven, and investor-friendly exploration ecosystem. He called for greater public-private collaboration and urged stakeholders to engage in the auction process.
Key dates were also announced: a pre-bid conference on April 22, 2025; last date for query submission on April 30; tender purchase deadline on May 16; and final bid submission by May 26.
The workshop saw participation from government officials, PSUs, industry bodies, exploration firms, and investors, reflecting growing interest in India’s new approach to mineral exploration.
The Ministry of Mines held a national workshop and roadshow today at The Ambassador Hotel in New Delhi to raise awareness about the newly introduced Exploration Licence (EL) regime and the upcoming Tranche-1 auction of EL blocks.
In his keynote address, Mines Secretary V.L. Kantha Rao described the EL policy as a major step forward in tapping into India's untapped reserves of key minerals like lithium, gold, rare earth elements (REEs), and diamonds. He said the new regime shifts focus from passive mineral ownership to active exploration, opening the door for private sector involvement in early-stage mineral discovery.
A detailed session on the EL framework was presented by Mustaq Ahmad, Director at the Ministry, who explained how the policy encourages private sector participation, use of advanced exploration technology, and creation of a robust pipeline of mineral resources critical for India’s future growth.
The Geological Survey of India (GSI) shared technical insights into the mineral potential of EL blocks across ten states. GSI’s Deputy Director General S.K. Basir emphasized the strategic importance of these sites based on initial reconnaissance studies.
To help participants understand the bidding process, SBI Capital Markets' Vice President Lovesh Singla provided a breakdown of the e-auction system, eligibility rules, and tender structure. A demo of the MSTC e-auction platform was also conducted by Setu D Sharma, Senior Manager at MSTC, who explained how the system ensures transparency and security.
Sebabrata Das from the National Mineral Exploration Trust (NMET) spoke about a financial support scheme that offers partial reimbursement of exploration costs to EL holders—an initiative aimed at reducing investor risk and boosting participation.
Closing the event, Additional Secretary Sanjay Lohiya reaffirmed the Ministry’s goal to build a competitive, tech-driven, and investor-friendly exploration ecosystem. He called for greater public-private collaboration and urged stakeholders to engage in the auction process.
Key dates were also announced: a pre-bid conference on April 22, 2025; last date for query submission on April 30; tender purchase deadline on May 16; and final bid submission by May 26.
The workshop saw participation from government officials, PSUs, industry bodies, exploration firms, and investors, reflecting growing interest in India’s new approach to mineral exploration.
Next Story
Inspira Realty Plans 8-10 Redevelopment Projects in Mumbai
Inspira Realty, a leading Mumbai-based developer and a part of Inspira Global, has announced plans to undertake 8�10 new redevelopment projects across the city’s key western and southern corridors. With this expansion, the firm is poised to exceed its current Gross Development Value (GDV) of Rs 40 billion and drive forward its urban transformation agenda. The company has commenced the financial year with two development agreements signed in Borivali and Santacruz (W) and is actively negotiating further acquisitions. These projects, expected to span a construction area of 4 million sq ..
Next Story
U-Sphere Bags First Private Project with Ceenex in Thiruvananthapuram
U-Sphere, the high-tech construction arm of ULCCS, has secured its first major private sector project: the design and construction of a new training facility for Canada-based Ceenex Global Computer Private Limited in Sasthamangalam, Thiruvananthapuram. The agreement was signed by Remeshan Palery, Director, U-Sphere, and Muhammed Irfan, Director, Ceenex Global. As part of the project, U-Sphere will deliver the core structural framework and building envelope within a fast-tracked seven-month schedule. This facility will serve as a key hub for Ceenex’s initiatives across e-governance, heal..
Next Story
Godrej Motor Solutions Targets Rs 10 billion Revenue by FY28
The Motor Solutions business of the Godrej Enterprises Group is aiming for Rs 10 billion in revenue by FY28, with 20 per cent of this expected from exports. For FY26, the business is targeting Rs750 crore, driven by demand growth across electric vehicles (EVs), HVAC, pumps, and actuators in both domestic and international markets. Xercsis Marker, EVP & Head, Motor Solutions Business, Godrej Enterprises Group, said, “We are strengthening our manufacturing capabilities through significant R&D investments and advanced technology adoption. We continue to invest in t..