Economy & Bankingv1 · 1 version
India's Offshore Mineral Auctions
Offshore mineral auctions are how India now hands out seabed mining rights, under a 2002 central law that a 2023 amendment opened to competitive bidding. On 1 October 2026 the Ministry of Mines offered two Andaman Sea blocks of polymetallic nodules and crusts for composite licences.
Last updated 1 October 20264 min read
Latest update
Adds offshore mineral auctions: the OAMDR law and its 2023 auction-only amendment, the 2024 first tranche, and the two Andaman Sea nodule blocks offered on 1 October 2026.
- offshore mineral auction
- OAMDR Act
- composite licence
- polymetallic nodules
- Andaman Sea
- Sewell Rise
- Ministry of Mines
- Offshore Areas Mineral Trust
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