Ministry of Mines

4th National Conclave on Mines and Minerals will strengthen mineral auction regime: Narendra Singh Tomar

Posted On: 10 JUL 2018 4:44PM by PIB Delhi

The 4th National Conclave on Mines & Minerals will be held on 13th July, 2018 at Indorefor showcasing blocks which will be auctioned by the states in FY 2018-19 to the potential investors. Union Minister for Mines Shri Narendra Singh Tomar said that it will carry forward the efforts of the Government for strengthening the mineral auction regime as well as help in expediting auctions and bring in greater participation from the stakeholders. He said that the Central and State Governments have been working in coordination with each other to further strengthen the auction regime, and to identify more and more mineral blocks for auction to increase domestic mineral production. This Mining Conclave will provide unique opportunity to the State Governments to showcase their auctionable mineral blocks with regard to its exploration, mineral resources, transport connectivity from mineral block, policy scenario in State and incentives to attract prospective investors. It will also provide a great opportunity to the investors to identify the mineral blocks and participate in the auction of suitable mineral blocks, the Minister added.

Chief Minister of Madhya Pradesh, CEO, NitiAayogand Mining Ministers of the State Governments have consented to participate in the Conclave.

 

Presentations on the different stages in auctioning of a mineral block and its operationalization such as identification and preparation of a mineral block for auction, steps involved in approval of mining plan and grant of statutory clearances, will also be organized. These presentations will be made by the organizations which have expertise in carrying out block preparation activities and nodal agencies responsible for grant of statutory clearances. The conclave would also have an exhibition in which the States would put up stalls to showcase their mineral blocks to be put up on auctions. The agencies concerned with preauction preparations such as Exploration agencies (GSI & MECL), transaction advisors (SBICAP, CRISIL, KPMG), DGPS survey agency (MECON), etc would also put up their Stalls. IBM &MoEFCC would also put up stalls on mining plan and EC & FC processes. The public sector and private sector companies are being requested to put up stalls on mineral and metal industry overview for better appreciation of mining sector by the investors in terms of making investment decisions.

A Round Table will be organized for interaction between industry leaders and Hon’ble Ministers along with senior officials of the Ministry of Mines to discuss the way forward to further improve the policy environment and address various issues in the mining sector.

The participation of the industry and other stakeholders in the earlier conclaves was kept free of charge for encouraging their participation and the same will be continued in this conclave. Both the public and the private mining companies will actively take part in the conclave. Besides this, the metal and the allied sector, which is involved in the mining activity, would also participate in the conclave. This would provide an effective platform to the various Government organizations of the mining sector, viz. Union Mines Ministry, State Mining Departments, regulators such as IBM & DGMs, explorations entities GSI & NMET, etc. to interact with the mining and allied industry stakeholders.

Federation of Indian Mineral Industries (FIMI) has agreed to partner in the event. The PSUs which are closely associated with the mining activity directly or as an integral part of their production process, would be one of the major stakeholders assisting the Ministry in organizing the conclave. These PSUs are HCL, NALCO, & MECL under the Ministry of Mines and the companies in which the government stake is under the administrative control of the Ministry of Mines, viz. HZL & BALCO.

 A webpage on the Ministry of Mines website, “NCMM July, 2018” has been created about the Conclave.

The Ministry of Mines organized the 1st National Conclave on Mines & Minerals on 4-5 July, 2016 at Raipur, 2nd National Conclave on Mines & Minerals on 15th Feb, 2017 at New Delhi and 3rd National Conclave on Mines & Minerals on 20th March, 2018 at New Delhi.

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APS/SNC

 



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