Government to hold conclave to discuss mining issues

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The 4th National Conclave on Mines & Minerals will be held on 13th July, 2018 at Indore for showcasing blocks which will be auctioned by the states in FY 2018-19 to the potential investors. Union Minister for Mines 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, Niti Aayog and 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 pre auction preparations such as Exploration agencies GSI, transaction advisors SBICAP, CRISIL and KPMG.

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