Union Minister of Coal and Mines, Shri G. Kishan Reddy and Minister of State for Coal and Mines, Shri Satish Chandra Dubey, launched the 4th tranche of auction of critical and strategic minerals at a programme, held today, at Scope Convention Centre, CGO Complex, New Delhi.
The occasion witnessed string of other events like declaration the preferred bidders for the 6 blocks put up in auction during the 1st Tranche; handing over of certificates to 02 newly Notified Private Exploration Agencies (NPEAs); hand over the sanction letters to R&D institutes and announcement of scheme for partial reimbursement of exploration expenses by exploration licence holders.
The 4th tranche of auction launched today included 21 blocks of critical mineral. Out of these 21 blocks, 11 are fresh blocks, spanning six States, Arunachal Pradesh, Chhattisgarh, Jharkhand, Karnataka, Rajasthan and Uttar Pradesh. These blocks contain a variety of minerals including Graphite, Glauconite, Phosphorite, Potash, Nickel, PGE, Phosphate and Rare Earth Elements (REE). Further, as part of this Tranche, 10 critical mineral blocks are on offer as the “second attempt” blocks of previous tranches of auction. These 10 blocks are located in Andhra Pradesh, Arunachal Pradesh, Chhattisgarh, Karnataka, Maharashtra and Tamil Nadu and have important critical minerals like Tungsten, Vanadium, Graphite, Glauconite, Cobalt and Nickel.
Further, the Union Minister of Coal and Mines and Minister of State for Coal and Mines declared the preferred bidders for the 6 blocks put up in auction during the 1st Tranche launched on 29th November, 2023. The details of preferred bidders are given below:
Sl. No. | Mineral Block Name | State | Mineral Name | Concession | Name of the Preferred Bidder | Auction Premium |
1 | Babja Graphite and Manganese Block | Odisha | Graphite and Manganese Ore | ML | Agrasen Sponge Private Limited | 85.05 |
2 | Biarpalli Graphite and Manganese Block | Odisha | Graphite and Manganese | ML | Agrasen Sponge Private Limited | 70.05 |
3 | Akharkata Graphite Block | Odisha | Graphite | CL | Kundan Gold Mines Private Limited | 13.05 |
4 | Iluppakudi Graphite Block | Tamil Nadu | Graphite | CL | Dalmia Bharat Refractories Limited | 45.00 |
5 | Pahadi Kalan-Gora Kalan Phosphorite Block | Uttar Pradesh | Phosphorite | CL | Sagar Stone Industries | 400.00 |
6 | Katghora Lithium and REE Block | Chhattisgarh | Lithium and REE | CL | Maiki South Mining Private Limited | 76.05 |
Union Minister of Coal and Mines also handed over certificates to 02 newly Notified Private Exploration Agencies (NPEAs) in the programme. This is in line with the aim to increase the pace of exploration in the country and to bring advanced technology in the exploration of minerals, for which the MMDR Act, 1957 was amended in 2021 to allow notification of private exploration agencies (PEAs) who can undertake exploration operations without a prospecting licence. With the notification of these two private agencies, the total of NPEAs has increased to 22. Till now, 31 projects for different commodities have been taken by the NPEAs from NMET fund amounting to approximately ₹35.23 Cr.
Recognizing the paramount importance of safety, economy, speed and the efficiency in extraction of mineral resources and in its conversion into viable economic alloys and metals, Ministry of Mines, Government of India has been funding research and development projects (R&D projects) of many research institutions in mining and metallurgy sector since 1978. Hon’ble Minister today handed over the sanction letters of grant of funds to 24 R&D institutes and 10 start-ups for total amount of ₹12.37 Cr. and ₹11.26 Cr., respectively.
Further, Union Minister of Mines also announced a scheme for partial reimbursement of exploration expenses of the Exploration Licence holders. Under the scheme, exploration expenditure of up to 50% of cost subject to upper limit of ₹20 Cr. will be reimbursed. The provision of exploration licence was introduced through an amendment in the MMDR Act in 2023. A total of 20 blocks for Exploration Licence were handed over to various States of Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana, Uttar Pradesh and Union Territories of Jammu & Kashmir and Ladakh. The State Government of Karnataka and Rajasthan are the first States to notify the auction of Exploration Licence. Currently, auction for 9 exploration licences are notified by various States. The scheme of partial reimbursement of exploration expenditure will encourage junior mining companies to participate in auction for exploration licence and will help in building a strong exploration ecosystem in the country.
