Friday, July 15, 2016

Mineral exploration- policy initiative

100 GSI-surveyed mineral blocks to be up for grabs for private explorers, including foreign ones, in 8-9 months.

Once the resources are found and estimated, explorers will return the blocks to govt.

Govt will auction off the explored blocks to end users, who will pay a fraction of royalty to explorers over 50-year mining lease period.


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