{"id":8500,"date":"2024-06-22T20:15:37","date_gmt":"2024-06-22T14:45:37","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=8500"},"modified":"2024-06-22T20:15:37","modified_gmt":"2024-06-22T14:45:37","slug":"ministry-of-mines-to-launch-the-fourth-tranche-of-auction-of-critical-and-strategic-minerals","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2024\/06\/22\/ministry-of-mines-to-launch-the-fourth-tranche-of-auction-of-critical-and-strategic-minerals\/","title":{"rendered":"Ministry of Mines to Launch the Fourth Tranche of Auction of Critical and Strategic Minerals"},"content":{"rendered":"<p style=\"text-align: justify;\">Union Minister of Coal and Mines,\u00a0Shri G. Kishan Reddy\u00a0and\u00a0Minister of State for Coal and Mines, Shri Satish Chandra Dubey\u00a0will launch the 4<sup>th\u00a0<\/sup>tranche of auction of critical and strategic mineral blocks on 24<sup>th\u00a0<\/sup>June, 2024 at a programme to be held at Scope Convention Centre, CGO Complex, New Delhi.<\/p>\n<p style=\"text-align: justify;\">Critical Minerals play a pivotal role for both economic development and mineral security of the country. Their scarcity or reliance on a few nations for extraction and processing could pose significant vulnerabilities to our supply chains. In light of the same, Mines and Minerals Development and Regulation (MMDR) Act was amended in 2023 whereunder the Central Government was conferred the power to grant mineral concession of 24 critical and strategic minerals.<\/p>\n<p style=\"text-align: justify;\">So far, the Central Government has launched 3 tranches auction of 38 critical and strategic mineral blocks located across 14 States and Union Territory. During the event preferred bidders of 1st Tranche\u00a0launched on 29<sup>th<\/sup>\u00a0November, 2023\u00a0will be declared.<\/p>\n<p style=\"text-align: justify;\">The occasion will also include handing over of certificates to 02 Notified Private Exploration Agencies (NPEAs).\u00a0\u00a0Further, to increase the efficiency in extraction of mineral resources and in its conversion into viable economic alloys and metals, sanction letters of grant will be handed over to Start-ups and R&amp;D institutes. Scheme for partial reimbursement of exploration expenses by exploration licence holders will also be announced.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Union Minister of Coal and Mines,\u00a0Shri G. Kishan Reddy\u00a0and\u00a0Minister of State for Coal and Mines, Shri Satish Chandra Dubey\u00a0will launch the 4th\u00a0tranche of auction of critical and strategic mineral blocks on 24th\u00a0June, 2024 at a programme to be held at Scope Convention Centre, CGO Complex, New Delhi. Critical Minerals play a pivotal role for both &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5273,5271,5272],"class_list":["post-8500","post","type-post","status-publish","format-standard","","category-business-english-news","tag-critical-minerals-auction","tag-ministry-of-mines-auction","tag-strategic-minerals-auction"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ministry of Mines to Launch the Fourth Tranche of Auction of Critical and Strategic Minerals - Matribhumi Samachar English<\/title>\n<meta name=\"description\" content=\"Find out about the latest auction of critical and strategic minerals to be launched by the Ministry of Mines. 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