The Ministry of Mines will call bids for over 100 critical minerals blocks from February. Apart from onshore minerals, offshore minerals will also be put up for auction, Union Minister of Mines Pralhad Joshi said during the launch event of the National Geoscience Data Repository (NGDR) portal.
"More than 100 blocks of strategic and critical minerals will be brought for auction next year before February, and these blocks are ready with us," Joshi said.
“Around 15 offshore blocks will also be auctioned in March,” Joshi added.
The announcement comes nearly three weeks after India initiated the process to auction 20 blocks of critical minerals, including the 5.9-million-tonne (mt) lithium reserves discovered in Jammu & Kashmir’s Reasi district. The collective value of these 20 blocks was estimated at Rs 45,000 crore.
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →Subscribe to Business Standard digital and get complimentary access to The New York Times
Quarterly Starter
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
Save 46%
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%