Page 2 - Mines Ministry

20 blocks of critical minerals, including J&K reserves, put up for auction

Out of the 20 blocks available, four have been specifically earmarked for mining leases, leaving the remaining 16 blocks intended for composite licenses

Govt to launch first-ever auction of critical mineral blocks on Wednesday

The lack of availability of these minerals or concentration of their extraction or processing in a few countries may lead to supply chain vulnerabilities

First tranche auction of critical and strategic minerals to start on Nov 29

Twenty blocks of critical and strategic minerals being put on sale are spread across the country from November 29

Mines ministry preparing policy for critical minerals to boost supply chain

The Mines Ministry is in the process of preparing a policy for critical minerals which will include a road map for strengthening the supply chain of these essential resources, an official release said on Monday. Critical minerals such as copper, lithium, nickel, cobalt and rare earth elements are essential components in many of today's rapidly growing clean energy technologies from wind turbines and electricity networks to electric vehicles. "The strategy will also identify the responsibilities of different ministries of Government of India in ensuring the resilience of the supply chain of critical minerals," the Mines Ministry said in a statement. The ministry is also preparing a strategy for recycling of metals which will help to increase the recycling capability and streamline the recycling process and will also work with partner countries to co-develop mineral processing and raw material manufacturing capabilities. Apart from strengthening the domestic mechanisms, collaborati

50,000 sq ft of space freed under special campaign: Mines ministry

The mines ministry on Saturday said 50,000 square feet of space has been freed under a special campaign and a revenue of Rs 1.47 crore has been generated from scrap disposal. The ministry and its subordinate organisations have utilised the Special Campaign 3.0 for disposal of pending matters and emphasized on giving back to nature through creative and innovative ways, the ministry said in a release. "Within the first three weeks of the campaign, the ministry has been ranked amongst the top ten for reviewing old physical files/records. It has achieved 100 per cent in easing of rules, processes, disposal of public grievances, inter-ministerial references and references received from state governments. Besides, 75 per cent of the targeted cleanliness campaigns have already been completed," it said. The mines ministry has set targets for disposal of pending matters and stressed on giving back to nature through creative and innovative ways under the campaign. Bird feeders and water pots

Mines min achieves 100% target for easing rules, legitimises 27 provisions

The mines ministry on Tuesday said it has decriminalised 27 provisions through amendments in the Atomic Mineral Concession Rules, 2016 and achieved 100 per cent target of easing of rules. The rules were decriminalised as part of a campaign to reduce compliance burden and ensure ease of doing business. "The special campaign 3.0 commenced from October 2, 2023 and the ministry of mines has attained 100 per cent of the target set for easing of procedure by decriminalising 27 rules through the amendment of Atomic Mineral Concession Rules, 2016," the mines ministry said in a statement. Under the campaign, the mines ministry has set the targets of addressing all pending matters and improving work place experience in all its offices. During the first week, the ministry said it resolved 95.45 per cent of the pending public grievances and completed 52 per cent of the task related to records management. Moreover, the mines ministry attained 43 per cent of the target for removing physical fil

Ministry of Mines set to release list of critical minerals for India

The list will serve as a guiding framework for policy formulation, strategic planning, and investment decisions in the mining sector

India set to get its first list of critical minerals on Wednesday

The critical minerals list is likely to have more than 40 minerals

Sustainable mining technology need of the hour: Minister Pralhad Joshi

Union Minister for Coal and Mining Pralhad Joshi was speaking at the inauguration of the first Mining Start-Up Summit at the Indian Institute of Technology, Bombay

Money for mining the seas: India considers political and financial risks

Legislative reform could create the environment for investments at a scale the government can hardly provide

Hindustan Zinc to talk to mines ministry to acquire Vedanta's assets

Hindustan Zinc is planning to get in touch with the mines ministry to resolve the differences over the acquisition of overseas assets of holding company Vedanta Ltd, Hindustan Zinc CEO Arun Misra said. Valuation of the assets is among several concerns flagged by the government, which holds a 29.54 per cent stake in Hindustan Zinc Ltd (HZL) that was privatised more than two decades ago. The meeting is expected shortly, Misra said. "...we are reading in various newspapers about the comments of various minority shareholders. I have not met anybody personally. Once I meet them and know exactly what is their view then may be I can comment. I won't be able to offer any comment on other's comments which I can't verify personally," Misra told PTI. According to a source, the objections on the proposal were raised by all three government directors in the nine-member HZL board. Misra further said that the "board meeting deliberations by law are also only the output of the board meeting that

Lithium reserves found in Jammu and Kashmir by GSI: Mines secretary

The government on Thursday said lithium reserves have been found for the first time in the country in Jammu and Kashmir. Lithium is a non-ferrous metal and is one of the key components in EV batteries. "For the first time, lithium reserves have been discovered and that too in Jammu and Kashmir," Mines Secretary Vivek Bharadwaj said. Upon exploration by the Geological Survey of India (GSI), lithium reserves have been found in Reasi district of Jammu and Kashmir. Earlier, the mines ministry had said that to strengthen the critical mineral supply chain for emerging technologies, the government was taking several proactive measures to secure minerals, including lithium, from Australia and Argentina. Currently, India is import-dependent for many minerals like lithium, nickel and cobalt. Speaking at the 62nd Central Geological Programming board meeting here, Bharadwaj also said that whether it is a mobile phone or a solar panel, critical minerals are required everywhere. In order to b

India, Australia to identify companies in critical mineral space

In the critical minerals space, Australia is the world's largest producer of lithium and the second largest producer of rare-earth elements

NMDC in talks to invest in lithium exploration companies in Australia

Investment would be voa NMDC's Perth-based arm, Legacy Iron Ore, which is already prospecting for iron ore, gold and base metals there

Mineral production increases by 4.6% during September: Ministry of Mines

The index of mineral production of mining and quarrying sector in September 2022 at 99.5 was 4.6% higher as compared to the level in March 2021

Rajasthan govt plans e-auctions for mines, minerals to boost production

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

Centre working on enhancing mines sector output in GDP to 2.5% by 2030

The Centre has taken various measures with regard to Ease of Doing Business to increase the contribution of mines and minerals sector towards the country's GDP to 2.5 per cent by 2030, Union Coal, Mines and Parliamentary Affairs Minister Pralhad Joshi said on Friday. He addressed a two-day National Conclave on Mining Ministers here to deliberate on the ambitious target. "The intention of this conclave is that we should in coming years up to 2030, under the guidance of Prime Minister Narendra Modi ji, other than coal and petroleum, add 2.5 per cent to the GDP of the country. Now, other than these two -- coal and petroleum -- it is 0.9 per cent," he told reporters after the inaugural session. The Prime Minister has given the target of 2.5 per cent to be achieved by 2030, he said. "...we want to achieve it before 2030. For that, we have taken lot of measures as far as Ease of Doing Business is concerned and ease of investment is concerned," the Union minister said. Observing that the

Rajasthan announces amnesty scheme for mining leases up to Mar 31, 2021

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

17 mineral mines taken back from states over non-production: Pralhad Joshi

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

Naveen Jindal group weighs aluminium foray, plans depend on mine

Company sees consumption rising as electric vehicles increase and light metals become more important