India’s First Auction of Exploration Licences
The Ministry of Mines is launching India’s first auction of Exploration Licences (ELs) in Goa on March 13, 2025. This initiative, introduced under the MMDR Amendment Act, 2023, allows private firms to conduct reconnaissance and prospecting for 29 critical minerals, including lithium, copper, and gold. The first phase will auction 13 blocks through an online bidding process. A roadshow and AI Hackathon 2025 will also take place, focusing on AI-driven mineral exploration. The auction aims to boost private participation, enhance mineral security, and strengthen India’s self-reliance in critical minerals for industrial and technological advancements.
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