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Pralhad Joshi to Chair Crucial Meeting of National Mineral Exploration Trust

To Focus on Strategic and Critical Mineral Requirement

Union Minister of Coal, Mines and Parliamentary Affairs, Shri Pralhad Joshi will be chairing the fourth Governing Body meeting of National Mineral Exploration Trust (NMET) to be held here on 13th April, 2022. The meeting will be attended by Minister of Petroleum & Natural Gas shri Hardeep Singh Puri, Minister of State for Coal, Mines and Railways shri Raosaheb Patil Danve and the Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh who are members of the governing body.

The governing body also has six ministers of State Governments holding charge of Mines and Geology from the states of Assam, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Tamil Nadu, who are also expected to attend the meeting.

The 4th governing body meeting will be held to review the working of NMET and also to provide directions for further momentum in mineral exploration keeping in view the increasing requirement of the strategic and critical minerals in the country. It is expected that the governing body will contemplate and finalise crucial policy decisions regarding financial incentives to State Governments to carry out mineral exploration as well as involvement of the private sector in exploration activities.

During the financial year 2021-22, NMET has performed exceedingly well in terms of sanctions of projects and providing funds to exploration agencies, surpassing the performance of previous years. The National Mineral Exploration Trust (NMET) was established in 2015 with an objective to increase mineral exploration in the country. The Governing Body (GB) of NMET lays down the broad policy framework for the functioning of the Trust and to review its working.

 

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