How is the government planning to enhance mineral resource utilization by 2031
The government aims to auction more critical mineral mines by 2031 to optimize mineral resources for economic growth.
- The government plans to increase the number of auctions for critical mineral mines to attract more investment and promote efficient extraction methods.
- Strategic partnerships with private companies will be established to leverage their expertise and technology in mineral exploration and extraction.
- Incentives such as tax breaks and subsidies will be provided to encourage investment in mineral resource utilization projects.
- Research and development initiatives will be initiated to explore innovative technologies for sustainable mining practices and resource recovery.
- Regulatory reforms will be introduced to streamline the permitting process and ensure compliance with environmental and safety standards.
- Educational programs will be launched to train a skilled workforce capable of maximizing the potential of mineral resources in the country.
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4 months ago