"8.13 lakh square kilo meter of obvious geological potential area will be taken up for aero-geophysical survey." -Minister for Mines & Steel

Image
Capital Market
Last Updated : Nov 21 2015 | 12:01 AM IST
Total 8.13 lakh square kilo meter of obvious geological potential area will be taken up for aero-geophysical survey. This was stated by Minister for Mines & Steel Shri Narendra Singh Tomar, while chairing the first meeting of the governing body of National Mineral Exploration Trust. He emphasized on the need for working in close coordination with states, and also bringing the beneficiaries from exploration and exploration agencies, on same platform for better synergy and progress. The Minister underscored the significance of professional and business-like functioning for a time-bound and result-oriented approach. Exploration of minerals on an urgent basis is need of the hour, and NMET is taking a concrete shape with this first meeting to give direction and energy to exploration, he added.

Minister of State with Independent Charge for Power, Coal, New and Renewable Energy, Shri Piyush Goyal suggested that coking coal should be given priority while carrying out exploration, to achieve self-sufficiency and to minimise spends on foreign currency. He spelled out the need for adopting innovation and advanced technologies in meeting the exploration goals.

Various issues that came up for discussion included Environment and Forest clearances for exploration, use of space technology, pooling of resources and capabilities, NMET fund utilization, role of central and state agencies and PSUs, exploration status with respect to mine auction planning, bringing in experts and private agencies for value-addition, matters pertaining to North-east states, exploration rate schedule for all minerals and e-governance.

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

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

More From This Section

First Published: Nov 20 2015 | 3:43 PM IST

Next Story