Ninth tranche of mineral block auctions offers 20 blocks
Summary
- Across the first eight tranches, 100 distinct critical and strategic mineral blocks were put up for auction.
- Out of these, 64 blocks have been successfully allotted to bidders.
- The ninth tranche, launched today, adds another 20 mineral blocks for auction.
- All the blocks belong to the critical and strategic mineral categories identified by the government.
- The auctions aim to boost domestic production and curb import dependence on key minerals.
Key Facts
- · Total blocks offered in first eight tranches: 100
- · Blocks successfully auctioned till now: 64
- · New blocks in ninth tranche: 20
- · Blocks are classified as critical and strategic minerals
- · Auctions are part of the government's mineral concession framework
Why it matters
Increasing the domestic supply of critical and strategic minerals reduces India's reliance on imports, supports the Make in India agenda, attracts private investment in mining, and strengthens the country's strategic autonomy in key industrial sectors.
#mineral policy#auctions#strategic minerals#government scheme#self-reliance#mining sector