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Two enormous sandlike dunes at an old chemical processing plant in South Africa are at the centre of an exploratory US-backed project to extract highly sought-after rare earth elements from industrial mining waste. The Phalaborwa Rare Earths Project has US support through a USD 50 million equity investment by the government's International Development Finance Corporation and is part of accelerated US efforts to reduce reliance on economic rival China for the minerals crucial for making electronic devices, robotics, defence systems, electric vehicles and other high-tech products. Countries have identified dozens of minerals, including copper, cobalt, lithium and nickel, as critical because they are essential for new technologies. The 17 rare earth elements are a subset of them. President Donald Trump has made expanding US access to critical minerals, including rare earth elements, a central policy to counter China. The Trump administration said this year it will deploy nearly USD 12
Union Coal and Mines Minister G Kishan Reddy on Monday said that the Centre aims to reduce dependence on imports and make the country 'atma nirbhar' (self-reliant) in the minerals sector. Speaking at a roadshow organised by the Mines Ministry on the 7th Tranche Auction of critical mineral blocks and Tranche-2 Exploration Licence, he said the union government's top priorities are to make the country benefit from the mineral wealth and increase employment generation. "I would like to say on behalf of the Centre. The government does not not work for revenue in the mineral sector. It takes major steps to make the country atma nirbhar in the mineral sector," he said. Observing that there are a lot of opportunities for extraction of critical minerals in urban mining and coal gasification in the future, he urged the private sector to work together with PSUs, state governments and others. Union Mines Secretary Piyush Goyal said during FY 2025-26, a record 212 mineral blocks were auctioned
The Centre on Wednesday directed all states to expedite ongoing exploration projects, ensure faster approvals and improve coordination to significantly reduce exploration-to-auction timelines, a move aimed at bolstering the nation's critical minerals security amid global supply chain disruptions. Mines minister G Kishan Reddy also stressed the need to adopt advanced technologies, including Artificial Intelligence (AI) and Machine Learning, drone-based surveys and modern beneficiation techniques, to increase efficiency and success rates in mineral discovery. The minister also stressed the greater inclusion of startups, private exploration agencies and innovation-driven institutions, in line with the vision of Startup India, to bring new ideas and cutting-edge solutions into the exploration ecosystem. Reddy chaired the 7th governing body meeting of the National Mineral Exploration & Development Trust (NMEDT), held here in the august presence of Minister of State for the Department ..