Minerals

Critical minerals refer to mineral resources, primary and processed, which are essential inputs in the production process and whose supplies could be disrupted

Ministers from the two countries have also agreed to deepen cooperation and extend their existing commitments to the India-Australia Critical Minerals Investment Partnership

The government is in the process of identifying mineral blocks like nickel in the sea and would gradually put them on sale, mines secretary Vivek Bharadwaj said on Friday. The mines ministry is amending the Offshore Areas Mineral (Development and Regulation) Act, 2002 and has sought the stakeholders' views on the same. "Because the critical minerals are becoming even more critical, there is this thought that why are we not mining in the oceans...Unfortunately we have not been able to mine the oceans. Now we are amending the Act. It is in public domain, open for comments for the industry, the stakeholders," the mines secretary said during Metal & Metallurgy Expo-2023 organised by CII. The ministry, he said, is in the process of identifying these blocks in the sea and as there are no stakes in there, the auction will be done by the government of India. "That will also be a huge opportunity for industry, a totally new area of operations," he explained. Critical minerals such as ...

The country needs a carefully crafted multi-dimensional mineral policy to address the issues posed by uneven distribution of rare earth elements, the Economic Survey on Tuesday said. Cobalt, copper, lithium, nickel, and rare earth elements (REEs) are critical for producing electric vehicles and batteries and harnessing solar power and wind energy. "While the demand for critical minerals is set to increase because of the global preference and emphasis towards renewable energy, the global supply chain of the critical minerals is highly concentrated and unevenly distributed. The skewed distribution of the resource poses a supply risk in the face of its enhanced demand. "A carefully crafted multi-dimensional mineral policy would reduce our dependence and address the problems for the future," the Economic Survey 2022-23 said. The country has resources of nickel, cobalt, molybdenum and heavy REEs, but further exploration would be required to evaluate the quantities of their reserves. Th

There's an obvious need to diversify sources of rare earth minerals but, despite new finds in Sweden, China will remain the go-to supplier for the foreseeable future

The East Singhbhum district administration seized over 20 trucks carrying illegally mined minerals, an official said on Tuesday. Led by Deputy commissioner Vijaya Jadav, the mining task force team comprising Sub-Divisional Officer (Ghatsila) Satyavir Rajak, District Transport Officer (DTO) Dinesh Ranjan and other officials impounded 22 trucks laden with illegally mined sand, stone chips, iron ore on Monday night, the officer said. The district administration collected Rs 8 lakh from the seized mineral laden trucks. Earlier, the officials had conducted such operations in Ghatsila and Dhalbhum sub-divisions and confiscated 94 trucks loaded with illegally mined minerals and being transported without valid documents in last two months and collected Rs 28 lakh fine from them.

Additional Chief Secretary (Mines and Petroleum) Subodh Agarwal said each part of the state was rich in some mineral

Mines Minister Pramod Jain Bhaya said the auction of the mining plots increased the revenues of the state government and stopped illegal mining

Some 6,732 sq km of Indonesian forest has been granted to nickel mining concessions, a coalition of environmental groups wrote in a July letter to Tesla Inc.

Revenue spike driven by strong show in electro minerals and ceramics, and sales of Rs 141 crore by newly acquired subsidiaries

One site each of potential gold, copper, graphite, bauxite, and moissanite would be taken up for the initial study, the official said.

State-owned GMDC on Tuesday reported nearly four-fold rise in its consolidated profit at Rs 151.2 crore for the quarter ended September 30, 2022. The company had posted a consolidated profit of Rs 40.4 crore in the year-ago period, Gujarat Mineral Development Corporation (GMDC) said in a filing to BSE. The consolidated income of the public sector enterprise increased to Rs 591.4 crore in the July-September period from Rs 494.7 crore in the year-ago quarter, the filing said. GMDC is country's second largest lignite producer.

Till now, more than 100 potential mineral blocks have been identified on the basis of exploration taken up by government agencies in Chhattisgarh

The mines department's Arrears and Interest Waiver Scheme, 2022, will be applicable to the outstanding dues of those in the business of minor minerals

In March, Lok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2021

The three promoter companies have promised to plumb in equity in the ratio of 40:30:30

The asset accounts would help identify alternate economic and energy-based resources, and aid in developing an ecosystem for containing illegal mining

The bill titled, 'Quad Critical Minerals Partnership Act', aims to reduce America's reliance on China, and protect the long term national security interests of the US and its allies

The Railways ministry mapping 48 mines, 29 ports across 52 districts

'The approval would ensure auction of mineral blocks in respect of glauconite, potash, emerald, platinum group of metals, andalusite and molybdenum thereby reducing imports of these minerals'