280 mines worth Rs 10 lakh crore to go under hammer in FY18

The government has chalked out a plan to put as many as 280 mines with a mineral wealth of over Rs 10 lakh crore to auction in the next fiscal, a senior official said.

“The 280 mines planned for auction next fiscal have the mineral wealth of over Rs 10 lakh crore. Besides, there are 83 mines under litigation,” Mines Secretary Balvinder Kumar told reporters here.

He said that the auction of the 83 mines under litigation depend upon the outcome of legal process.

Kumar also told that soon the drone technology will be used for preparing topography maps and inspection of mines.

“Drone technology will be used for monitoring of mining in any area. IBM will start this. Drones will help preparing topography maps in few hours, which takes many days manually,” Kumar said. Read More…