NMET has been made an autonomous body
Coal and Mines Minister Pralhad Joshi said that the Center is making sustained efforts to attract more private entrepreneurs into mineral exploration which will be carried out without adverse environmental impact through enhanced use of drones and other latest technologies.
The Minister has also called upon Geological Survey of India (GSI) to focus on new age minerals’ exploration.
He was addressing a two-day International Conference on “Indian Minerals & Metals Industry – Transition Towards 2030 & Vision 2047” organized by NMDC Ltd, Ministry of Steel, Ministry of Mines and FICCI on 23 Aug 2022.
Joshi informed that Rs.25,000 crore additional revenue has been generated last year through commercial coal mine auctioning and Odisha stood first in revenue generation.
Joshi said that commercial coal mine auction is a big success. He urged the Public Sector Units to start production from allotted coal blocks at the earliest or else surrender to the Ministry for re-auctioning.
Joshi said that coal production from captive mines is expected to touch 140 million ton this year compared to 89 million ton last fiscal.
Total coal production during this financial year is likely to be 900 million ton.
In order to give further fillip to mineral exploration, National Mineral Exploration Trust (NMET) has been made an autonomous body, the Minister added. fiinews.com
