The government has approved the restructuring of Indian Bureau of Mines to reform the mineral sector regulation. The restructuring would enable the adoption of IT and space technology by the bureau to improve its effectiveness in mineral regulation and development. The restructuring of Indian Bureau of Mines was essential to enable it organizationally to take up the responsibilities entrusted in the role with the recent changes in the policy and legislations and revised charter of function of IBM. IBM is also engaged in handholding the states for auction of mineral blocks for greater transparency in allocation of mineral concessions. IBM is helping states in preparation of auction blocks, publishing of average sale price, assisting in post auction monitoring and approval process.

(Economic Times)