• Latest
  • Trending
64th CGPB meeting focuses on mineral exploration and innovation

64th CGPB meeting focuses on mineral exploration and innovation

20 January 2025
Data Story: LME Aluminium price remains stable despite tariff concerns

Data Story: Will Aluminium price sustain current rally amid rising Middle East conflict?

23 June 2025
Paradip Port Authority hits milestone: Handles 41.12 MMT cargo

Data Story: Vessel Position Report

23 June 2025
Accenture forecasts slower growth as clients cut tech spending

Accenture forecasts slower growth as clients cut tech spending

23 June 2025
xAI’s Grok models are now on Oracle Cloud Infrastructure

xAI’s Grok models are now on Oracle Cloud Infrastructure

23 June 2025
Iran threatens to block Strait of Hormuz after US strikes

Iran threatens to block Strait of Hormuz after US strikes

23 June 2025
LIC Housing Finance reduces lending rates to 7.50% on new home loans

LIC Housing Finance reduces lending rates to 7.50% on new home loans

23 June 2025
Data Story: Indian spices prices

Data Story: Chilli exports highest among spices in FY25 from India

22 June 2025
Data Story: Cochin Port achieves highest ever cargo traffic in FY25

Data Story: Cochin Port achieves highest ever cargo traffic in FY25

22 June 2025
Group of shareholders ask investors to vote against Elon Musk’s pay package, says Report

Tesla to open first showroom in India this July

21 June 2025
Data Story: Global Oil Price Fluctuations

Data Story: Brent crude jumps 18% in 10 days amid Israel-Iran conflict

20 June 2025
SpaceX could hit $350 billion valuation

Testing failure adds to a growing list of Starship setbacks, what about Mars’ dream now?

20 June 2025
Paradip Port Authority hits milestone: Handles 41.12 MMT cargo

Shipping charges jump, what next?

20 June 2025
  • Careers
  • Advertisement
Tuesday, June 24, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result
Home Media Release

64th CGPB meeting focuses on mineral exploration and innovation

by databiztimes.com
in Media Release
Reading Time: 3 mins read
0
64th CGPB meeting focuses on mineral exploration and innovation

DBT Bureau

Pune, 20 Jan 2025

The 64th meeting of the Central Geological Programming Board (CGPB) convened at the State Convention Centre, Lokseva Bhavan, Bhubaneswar. The event was chaired by V.L. Kantha Rao, Secretary, Ministry of Mines and Chairman CGPB., Asit Saha, Director General, GSI and Sanjay Lohiya, Additional Secretary, Ministry of Mines, were the other dignitaries gracing the occasion.

The event brought together key stakeholders from exploration, research, and mining sectors to discuss advancements in geosciences, mineral exploration strategies, and critical challenges. Key discussions focused on mineral resource augmentation, clean energy initiatives, geohazard management, and sustainable development, emphasizing a collaborative approach to emerging priorities.

The proposed Annual Programme of GSI for the ensuing Field Season year 2025-26 was placed before the Board for discussion. For the upcoming year 2025-26, GSI has formulated about 1065 scientific programs, which include 402 Mineral Development projects that have the potential to generate auctionable mineral blocks in the near future. 167 Mineral Discovery Projects having potential for generating promising areas for future exploration in the G4 stage. Within the exploration activity, a significant focus has been placed on critical mineral exploration, with 227 dedicated projects targeting strategically important mineral commodities such as REE, RM, graphite, lithium, vanadium, and PGE, marking a 16% increase compared to the previous year. The field season programme of GSI for FS 2025-26 includes 25% of investigations on critical minerals, that entails out of the total budget of GSI, about 300 crores will be spent on critical mineral exploration and investigation.

In addition, GSI has outlined 141 projects under Natural Hazard Studies, Public Good Geoscience, and Fundamental Geoscience for 2025-26. These include projects on landslides, geotechnical studies, polar & glaciology research, climate change, and environmental studies, as well as initiatives in fundamental geoscience. This comprehensive approach reflects GSI’s commitment to disaster risk reduction, climate resilience, and scientific innovation.

GSI has initiated 65 geoinformatics projects leveraging cutting-edge AI/ML modeling, legacy data integration, and the deployment of emerging technologies like Magnetotelluric and Heliborn survey to enhance exploration efficiency. A key highlight of the event was the announcement of the Mineral Hunt Techniques Hackathon winners, showcasing start-ups and unicorns employing AI/ML-driven prospectivite analysis to accelerate target, identification of mineral deposit discovery.

Furthermore, several publications, including on the Geology and Mineral Resources of Jharkhand and Andaman & Nicobar Islands, and a Geology and Mineral Resource Map of the North Eastern Region were released.

In his address at the 64th CGPB meeting, V. L. Kantha Rao, Secretary, Ministry of Mines & Chairman, CGPB, emphasized the platform’s vital role in fostering collaboration and advancing geosciences. He outlined key initiatives by the Ministry of Mines, aligned with two significant recent budgetary announcements, on Critical Mineral Mission and Offshore Mining.

Rao highlighted the successful auctioning of 24 critical mineral blocks so far in the year 2024-25 and the launch of India’s first-ever auction of 13 offshore mineral blocks. He encouraged exploration agencies to utilize NMET funding to enhance mineral exploration efforts & execution of R&D projects. Shri Rao also stressed the utilization of legacy geological data available in the NGDR portal and underscored new initiatives to issue more exploration licenses, enabling private agencies to contribute to the mineral exploration landscape.

In the technical session of the meeting, the Hackathon winners—namely, the first prize-winning team AMD, the second prize-winning team GSI, and the third prize-winning team IIT-ISM, Dhanbad, presented their algorithms and methodologies for targeting critical minerals using AI/ML tools. These methodologies will be of immense use to GSI in their mineral exploration work by intensive use of AI/ML in the mineral exploration programme. Additionally, the session had presentations on recent changes in guidelines for forest clearance by MoEFCC and recent developments in NGDR.

In the presence of senior officials, V.L. Kantha Rao inaugurated an Exhibition showcasing various exhibits on diverse themes of geoscience, in which GSI, PSUs, private exploration agencies and startups showcased their achievements.

The event concluded on an inspiring note, emphasizing the importance of progress, innovation, and a shared responsibility to shape a brighter future for generations to come.

databiztimes.com

databiztimes.com

Related Posts

LIC Housing Finance reduces lending rates to 7.50% on new home loans

LIC Housing Finance reduces lending rates to 7.50% on new home loans

by databiztimes.com
23 June 2025
0

DBT Bureau Pune, 23 June 2025 LIC Housing Finance, India’s largest housing finance company, has reduced its Rate of Interest...

Honeywell Technologies selected for U.S. Army’s Future Long-Range Assault Aircraft

Honeywell Technologies selected for U.S. Army’s Future Long-Range Assault Aircraft

by databiztimes.com
19 June 2025
0

DBT Bureau Pune, 19 June 2025 Honeywell announced that Bell Textron Inc., a Textron Inc. company has selected Honeywell's proven...

Mahindra Aerostructures Bags $300M Aernnova Contract

Mahindra Aerostructures Bags $300M Aernnova Contract

by databiztimes.com
18 June 2025
0

DBT Bureau Pune, 18 June 2025 Aernnova Aerospace, SAU & Mahindra Aerostructures Pvt. Ltd have announced a multi-year contract valued...

AI-powered healthcare revenue solution provider, Infinx secures $150 million investment from KKR

Innominds & Celegence partner in life sciences space

by databiztimes.com
18 June 2025
0

DBT Bureau Bengaluru, 18 June 2025 Innominds, a product engineering firm, has announced a strategic partnership with Celegence, a provider...

DBT Bureau

Data Biz Times © 2025. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2025. All Rights Reserved.