Auction regime for critical mineral exploration licences kicks off with 13 blocks

India opens mineral and rare earth elements exploration to the private sector with 13 acreages up for auction, aiming to unlock untapped resources. The new policy encourages private investment, offering incentives like cost reimbursements and long-term mining leases. Around 25 companies showed interest, and the government hopes to create a thriving mineral exploration ecosystem.

source https://timesofindia.indiatimes.com/india/auction-regime-for-critical-mineral-exploration-licences-kicks-off-with-13-blocks/articleshow/118989098.cms