11 mineral blocks to start production by year-end: Tomar
As many as 11 mineral blocks of the 43 auctioned will start production by the year-end, Mines Minister Narendra Singh Tomar said on Friday. The work was being carried out in about 102 mineral blocks and the auction of these mines will happen soon, the minister said. He was speaking during National Conclave on Mines and Minerals in Indore. The states, he said, will earn a revenue of ~1.55 trillion over the lease period from 43 auctioned mines, Tomar said. The mineral block rules were amended in order to give a push to auction. Eleven PSUs have been notified so that they could take up exploration, the minister said. The mines ministry, Tomar said, was working on allowing private miners for exploration. At present, the exploration of mines is carried out by Geological Survey of India and Mineral Exploration Corporation Limited.