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GSI to enhance critical mineral projects
The Statesman Bhubaneswar
|January 20, 2025
The 64th meeting of the Central Geological Programming Board (CGPB) held here emphasized on collective efforts to drive innovation, sustainability and growth in India's mineral and mining sector.
The proposed action plan of GSI for 2025-26 includes a significant focus on critical mineral exploration, with 227 dedicated projects targeting strategically important mineral commodities such as REE, RM, graphite, lithium, vanadium, and PGE, marking a 16% increase compared to the previous year.
A total of Rs 300 crore is earmarked for critical mineral exploration and investigation.
The event was chaired by V.L. Kantha Rao, Secretary, Ministry of Mines and Chairman CGPB. Asit Saha, Director General, GSI and Sanjay Lohiya, Additional Secretary, Ministry of Mines, were the other dignitaries.
In his address Mr Rao outlined key initiatives by the Ministry of Mines, aligned with two significant recent budgetary announcements, on Critical Mineral Mission and Offshore Mining.
He highlighted the successful auctioning of 24 critical mineral blocks so far in the year 2024-25 and launch of India's first-ever auction of 13 offshore mineral blocks.
He encouraged exploration agencies to utilize NMET funding to enhance mineral exploration efforts & execution of R&D projects.
Mr Rao also stressed the utilization of legacy geological data available in the NGDR portal and underscored new initiatives to issue more exploration licenses, enabling private agencies to contribute to the mineral exploration landscape.
Cette histoire est tirée de l'édition January 20, 2025 de The Statesman Bhubaneswar.
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