Indore hosts 4th National Conclave on Mines and Minerals to strengthen mineral auction regime

The 4th National Conclave on Mines & Minerals was held in Indore, Madhya Pradesh on 13th July 2018 for showcasing blocks which will be auctioned by the states in FY 2018-19 to the potential investors. The aim of the conclave was to carry forward the efforts of the Union Government for strengthening the mineral auction regime as well as help in expediting auctions and bring in greater participation from the stakeholders. This Mining Conclave provided 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 also provided a great opportunity to the investors to identify the mineral blocks and participate in the auction of suitable mineral blocks.