Bihar, post-bifurcation, has discovered mineral reserves worth Rs 21,000 crore (2021-24) including glauconite, limestone, gold, magnetite, vanadium, and rare earth elements. However, converting these into operating mines faces challenges: low bidder turnout in auctions, capital-intensive extraction technologies, fragmented land holdings, and statutory clearances. The state has aligned with the MMDR Act, created a Mines Police Force, and targets commercial extraction by 2026-31.
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- ›Total Mineral Reserves Value: Rs 21,000 crore
- ›Glauconite Reserves (Rohtas): 130.11 MT valued at Rs 14,048 crore
- ›Target this Data: Rs 21,000 crore total mineral reserves; 130.11 MT glauconite (Rs 14,048 crore); 222.88 MT gold ore containing 37.6 tonnes gold (43% of India's primary gold).
- ›Target this Nodal Body: Geological Survey of India (GSI) for exploration; Ministry of Mines for policy; National Mineral Exploration Trust (NMET) for funding.
- ›Target this Legal Point: MMDR Act (Mines and Minerals Development and Regulation Act) – composite licence model, auction regime, and timeline for clearances (6+18+12 months).
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