National Mineral Exploration Policy
Q. Which of the following is/are true regarding National Mineral Exploration Policy?
1) Government proposes to establish a not-for-profit autonomous institution known as the National Centre for Mineral Targeting.
2) If the explorer agencies do not discover any auctionable resources, their exploration expenditure will be reimbursed.- Published on 30 Jun 16a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
ANSWER: Both 1 and 2
- Government proposes to establish a not-for-profit autonomous institution that will be known as the National Centre for Mineral Targeting (NCMT) in collaboration with scientific and research bodies, universities and industry for scientific and technological research to address the mineral exploration challenges in the country.
- If the explorer agencies do not discover any auctionable resources, their exploration expenditure will be reimbursed on normative cost basis.
- There will be creation of baseline geoscientific data as a public good for open dissemination free of charge.
- Government will carry out a National Aerogeophysical Program for acquiring state-of-the-art baseline data for targeting concealed mineral deposits.
- A National Geoscientific Data Repository is proposed to be set up to collate all baseline and mineral exploration information generated by various central & state government agencies and also mineral concession holders and to maintain these on geospatial database.
