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On Wednesday, the cabinet has provided its approval to the National Mineral Exploration Policy (NMEP) that will pave the way for auction of 100 prospective mineral blocks, boosting India’s mining potential.
The Mines Ministry has already notified the National Mineral Exploration Trust (NMET) for encouraging mineral exploration in the country.
According to a state government official, ” Through NMEP, the government wants to attract private sector in exploration, besides involving state-run GSI, MECL and other notified agencies. States will also play a greater role by referring exploration projects that can be taken up through NMET.”
