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The government on Sunday said it has amended the Mineral (Auction) Rules, 2015 to introduce timelines for different activities after the auction of mineral blocks to expedite their operations. The amendment has put in place milestones between the issuance of the letter of intent and the execution of mining leases, with imposing of penalties for delays and giving incentives for early production. The move aims at improving monitoring across the stages of mine development and preventing bidders from sitting on the blocks without beginning the operations. "As the latest step in its endeavour to fast-track operationalisation, the Ministry of Mines has notified amendment to the Mineral (Auction) Rules, 2015 on October 17, 2025 introducing intermediary timelines for various activities to be completed after issue of Letter of Intent till execution of mining lease," an official statement said. Under the amended rules, approval of the mining plan should happen within six months, environmenta
The government has cancelled the auction of five critical mineral blocks, including a rare earth element (REE) block in Karnataka, in the fifth round of auction due to poor response. There were no bids for three blocks -- two glauconite mines in Gujarat and Chhattisgarh and one Nickel and PGE (Platinum Group Element) block in Karnataka, which led to cancellation of their auction, the mines ministry said in a notice. Besides, sale of two other blocks -- a tungsten mine in Maharashtra and an REE block in Karnataka -- was annulled for lack of minimum three technically qualified bidders, it said. The fifth tranche of auction of critical and strategic mineral blocks was launched in January. Of 15 blocks put on auction, 10 have been auctioned. These 10 blocks comprise critical and strategic minerals including graphite, phosphorite, phosphate, REE, vanadium and potash and halite spread across Chhattisgarh, Karnataka, Odisha, Rajasthan and Uttar Pradesh. Coal India, Oil India, NLC India,
India and Russia are exploring opportunities in rare earth and critical minerals extraction, underground coal gasification, and creation of modern industrial infrastructure, an official statement said on Wednesday. The issue came up for discussions during the India-Russia Working Group on Modernization and Industrial Cooperation meeting, which was held here under the framework of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation. Critical minerals such as copper, lithium, nickel, cobalt and rare earth are essential raw materials required to fuel the growth of rapidly-growing clean energy technologies and their expanding uses ranging from wind turbines and electricity networks to electric vehicles and battery manufacturing. The commerce and industry ministry said the key focus areas included cooperation in aerospace science and technology, including the establishment of a modernized wind tunnel facility, production of