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Strengthening the mineral auction regime: Mines & Minerals Conclave at Indore

By IndianMandarins- 11 Jul 2018
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strengthening-the-mineral-auction-regime-mines-minerals-conclave-at-indoreUnion Ministry of Mines is organising the 4th National Conclave on Mines & Minerals on 13th July at Indore for showcasing blocks which will be auctioned by the states in FY 2018-19 to the potential investors. Madhya Pradesh Chief Minister, CEO- Niti Aayog and Mining ministers of the states will participate in the Conclave. Union Minister for Mines Narendra Singh Tomar said that it will carry forward the efforts of the Government for strengthening the mineral auction regime as well as help in expediting auctions and bring in greater participation from the stakeholders. He said that the Centre and states have been working in coordination with each other to increase domestic mineral production. The Conclave will provide unique opportunity to the State Governments to showcase their auctionable mineral blocks with regard to its exploration, mineral resources, transport connectivity from mineral block, policy scenario in State and incentives to attract prospective investors. It will also provide opportunities to the investors to identify the mineral blocks and participate in the auction of suitable mineral blocks, the Minister added. Presentations on the different stages in auctioning of a mineral block and its operationalization such as identification and preparation of a mineral block for auction, steps involved in approval of mining plan and grant of statutory clearances, will also be organized. In addition to exhibition a Round Table will be organized for interaction between industry leaders and ministers along with senior officials of the Ministry of Mines to discuss the way forward to further improve the policy environment and address various issues in the mining sector.

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