Close of heels of India’s Mines Ministry propagating private-public-partnership (PPP) model contracts to boost private capital into mineral exploration, the government is now looking to invite international mining juniors to fill the void in private investment.
The Mines Ministry is preparing to invite about 30 to 40 mining juniors to submit proposals, after which a short list will be drawn up. Provincial governments will then select international companies to float PPP special purpose vehicles for exploration projects, senior government officials have said.