NMET gets Rs 154.84 crore for mines exploration and expansion

Representational image

Team News Riveting

New Delhi, January 11

The Executive Committee (EC) meeting of National Mineral Exploration Trust (NMET), Ministry of Mines was held under the chairmanship of Vivek Bharadwaj, Secretary, Ministry of Mines.

Projects of mineral exploration and enhancing institutional capabilities in exploration worth Rs 154.84 crore were approved. The mineral exploration project includes Graphite, Iron, Coal, Zinc & associated minerals, Bauxite, Basemetal (Pb, Zn & Cu), Phosphorite/Glauconitic sandstone, PGE & associated minerals (Chromium, Nickel, Cobalt), Tin & associated minerals, Manganese and Limestone to boost the mineral exploration in the country.

Financial assistance for enhancing mineral exploration and institutional capabilities of Geological Survey of India (GSI), Indian Bureau of Mines (IBM) and StateDGMs/DMGs was also approved.

These mineral exploration projects and financial assistance to the exploration agencies will provide auctionable mineral blocks to the nation and will help in realizing the Aatmanirbhar Bharat in mining sector. 

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