Hyderabad, July 20 (NSS): Union Minister of Coal and Mines G. Kishan Reddy today launched Mineral Exploration Hackathon focused on Innovative Mineral Hunt Techniques in Hyderabad. The programme was graced by Deputy Chief Minister of Bihar Vijay Kumar Sinha. Dignitaries from Ministry of Mines, State Government Officials, representatives from Government Organizations and industry representatives were also present.
This Hackathon aims to promote use of emerging technologies like Artificial Intelligence (AI) and Machine Learning (ML) for geophysical data, integration of multiple mineral exploration data sets such as baseline data, available exploration data, etc, to identify new Mineral targets, particularly for deep seated/concealed ore bodies.
During the event, Union Minister Kishan Reddy released publication on “Glimpse of Geology and Mineral Resources, Telangana” and “Minerals in Telengana- Spotlights”. These publications are focused on the geological set up of the State of Telangana, along with the mineral potential of the State.
Kishan Reddy also handed over certificates to eight Preferred Bidders of the second and third tranche of the e-auction of Critical and Strategic Mineral Blocks. He also launched the National District Mineral Foundation (DMF) Portal. This portal is a centralized platform to gather the information on the District Mineral Foundations across the country. The aim for launching this portal is to facilitate the access to the DMF data and track the developments and utilizations there under. The portal provides details of 645 DMFs in the country with enhanced transparency, featuring centralized visibility of activities, project oversight, and dynamic analytics, as well as a repository of best practices for effective implementation.
The event was followed by a Roadshow regarding the Tranche IV of the e-auction of Critical and Strategic Mineral Blocks, commenced vide NIT dated June 24, 2024. The purpose of this road show is to increase industry engagement and to make the potential bidders familiarize with the e-auction process being conducted by Ministry of Mines. The road show featured detailed presentations regarding the particulars of e-auction process by Transaction Advisor SBI Capital Markets Ltd., guidelines for usage of e-auction platform by e-auction portal provider MSTC, and the technical details of the 21 critical & strategic mineral blocks by Technical Advisor Mineral Exploration and Consultancy Ltd.
