The Centre on Friday notified the setting up of National Mineral Exploration Trust (NMET), which will look at ways to encourage exploration of mines and minerals in the country.

At present, mine exploration work is undertaken mainly by the GSI, Mineral Exploration Corporation, Atomic Mineral Directorate of Exploration, Department of Atomic Energy and State Directorates of Mining.

The government has decided to include more entities in the exploration work such as NMDC, SAIL and MOIL, to tap potential in this area more efficiently.