National Mineral Exploration Policy approved, paves the way for 100 prospective mineral blocks

Q.  National Mineral Exploration Policy was given Cabinet approval paving the auction for how many mineral blocks and boost the country’s mining potential?
- Published on 30 Jun 16

a. 100
b. 150
c. 140
d. 130

ANSWER: 100
 
The National Mineral Exploration Policy has been given Cabinet approval for the auction of 100 prospective mineral blocks and boost the country’s mining potential. Cabinet cleared NMEP so that the government can auction 100 blocks that have been identified by the Geological Survey of India for exploration. Mines Ministry has notified the National Mineral Exploration Trust
  • Via the NMEP, government wants to attract private sector in exploration besides involving state operated GSI, MECL and other key agencies
  • States will also play a greater role by referring exploration projects which can be taken up through NMET
  • From India’s entire Obvious Geological Potential area, identified by GSI currently 10 percent has been explored and mining is undertaken in 1.5-2 percent of the area

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