In a significant step toward revitalizing India’s mineral exploration landscape, the Ministry of Mines today organized a National Workshop and Roadshow on the recently introduced Exploration Licence (EL) regime and the upcoming Tranche-1 auction of EL blocks. Held at The Ambassador Hotel in New Delhi, the event brought together a wide range of stakeholders from government, public sector undertakings, private exploration firms, and industry bodies. The gathering served as an important platform to build awareness, share insights, and demystify the new policies and procedures associated with the exploration licence framework under the Mines and Minerals (Development and Regulation) Amendment Act, 2023.
During the workshop, officials from the Ministry of Mines and technical experts provided detailed insights into the operational and regulatory aspects of the regime. Shri Mustaq Ahmad, Director in the Ministry, explained how the new framework encourages private participation, promotes use of cutting-edge exploration technology, and lays the foundation for a robust pipeline of mineral assets—resources that are crucial for India’s economic growth and strategic security.
The Geological Survey of India (GSI) offered a technical overview of the blocks identified for the first auction tranche. Highlighting their location across ten states, Deputy Director General Shri S.K. Basir explained the promising geological features that make these blocks significant for future development.
To ensure transparency and ease in the bidding process, representatives from SBI Capital Markets and MSTC walked participants through the auction methodology and the MSTC digital portal. Their demonstrations helped clarify the eligibility criteria, e-auction process, and structure of the tender documents, offering reassurance about the fairness and efficiency of the upcoming auctions.
Shri Sebabrata Das from the National Mineral Exploration Trust (NMET) introduced a supportive financial framework for exploration licence holders. Under this scheme, partial reimbursement of eligible exploration costs will be provided, reducing financial risk for private explorers and encouraging broader participation in the sector.
Wrapping up the event, Additional Secretary Shri Sanjay Lohiya reiterated the government’s vision of creating a competitive, technology-led, and investor-friendly exploration environment in India. He called for collective effort from both public and private sectors, urging active participation in the auction process and close collaboration to drive the future of India’s mineral discovery and development.
The event concluded with key auction dates shared for stakeholders’ clarity. A pre-bid conference is scheduled for April 22, while the final date for query submissions is April 30. Tender documents will be available for purchase until May 16, with bid submissions closing on May 26.
This initiative reflects a deeper commitment by the Ministry of Mines to not only reform the sector but also to make it inclusive, transparent, and geared towards self-reliance. For many in attendance, especially those from remote and resource-rich regions, the workshop sparked a sense of optimism that India’s mineral wealth may soon be responsibly harnessed for the collective good.