Business Standard

Thursday, January 23, 2025 | 01:55 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Centre to issue mineral exploration rights, takes the task away from states

Delays in state approval of NPEA exploration projects and funding disbursement through state channels prompted the introduction of the new scheme

mining
Premium

Nitin Kumar New Delhi

Listen to This Article

The Centre has introduced a new scheme allowing itself to issue mineral exploration licences for all major minerals, excluding atomic minerals, to private agencies. Previously, this responsibility rested with mineral-rich states.

According to a Ministry of Mines notification dated June 27, the scheme for engagement of notified private exploration agencies (NPEA) in mineral exploration, administered through the National Mineral Exploration Trust (NMET), enables the Union government to directly grant mineral concessions for a full spectrum of exploration activities, from reconnaissance to prospecting operations.
 
In 2016, the Centre launched the National Mineral Exploration Policy to promote private sector

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in