Page 6 - Mineral Sector

India's critical minerals: EV boom ahead, but policy gaps persist

The Centre has also extended the concessional Customs duty of 5 per cent on Li-ion cells until March 2026

Budget 2024: Proposals for critical minerals to help achieve net-zero goals

The Budget announcements related to critical minerals and green transition will not only make India self reliant in resources but also help in meeting net-zero goals, energy industry players said. In her Budget speech on Tuesday, Finance Minister Nirmala Sitharaman announced a slew of measures for sectors, including infrastructure, manufacturing, healthcare, education, startups, and green energy, among others. Amit Rautela, CFO of state-owned Meja Urja Nigam said the Budget has strategically addressed present requirement of thermal power with a focus on Advanced Ultra Super Critical (AUSC) technology through joint venture route. Further, duty related measures for critical minerals will make the country self reliant in these important resources. According to Rahul Walawalkar, President of India Energy Storage Alliance (IESA), the announcement for pumped hydro storage in budget is a key step for supporting long duration energy storage technologies. Abolishment of angel tax is a great

Budget 2024: FinMin announces Critical Mineral Mission; what we know so far

Union Budget 2024: Finance Minister Nirmala Sitharaman announced the government will soon conduct the first round of offshore mineral auction round under the Critical Mineral Mission

Pentagon expresses concern at growing China, Russia cooperation in Arctic

China has its eye on mineral resources and new shipping routes as ice packs recede with rising temperatures

Coal India forays into critical mineral mining in Madhya Pradesh

CIL won the bid by quoting a mining premium of 150.05 per cent of the value of the mineral despatch, which it will pay to the State of Madhya Pradesh

Centre expands area limits by over 4x to boost critical minerals mining

The move comes after the Centre faced a setback in its initial auction of critical mineral blocks earlier this year

ISA members negotiate deep sea mining code in Jamaica as opposition mounts

Supporters say deep sea mining will help boost supplies of raw materials like cobalt and nickel, which are needed for the global energy transition

Centre plans to expand area limits to boost critical minerals mining

Shift aims to address challenges associated with mining critical minerals

India can be key partner in diversifying critical mineral supply chains: US

India has the potential to be a key partner in diversifying critical mineral supply chains globally, a senior US official has said at a conference that discussed the potential and opportunities to advance the respective clean energy agendas of the two countries. The one of its kind round table organised by the US-India Strategic Partnership Forum (USISPF) along with Silverado Policy Accelerator and Principal to Principal Strategies (P2P) discussed fortifying both nations' economic interests. The demand for key minerals, such as graphite, manganese, and lithium will continue to play a vital role in the electric vehicles (EV) space and will help India work towards its net zero vision in 2070, a statement said here. The bilateral US-India energy relationship is one of the most consequential in the world India has the potential to be a key partner in diversifying critical mineral supply chains globally, US Assistant Secretary of State for Energy Resources Geoffrey Pyatt said at an ...

India discusses critical mineral blocks with Africa, S America: Official

In January, KABIL signed a $24 million lithium exploration pact for five blocks in Argentina

China tightens management of rare earths, approves new regulation

Rare earths belong to the country and no organisation or individual are allowed to claim them, the State Council said in a statement on its website

Court approves billionaire Anil Agarwal's plan to reclaim Zambia mine

To get access to the mine again, Vedanta now needs to follow the court ruling by releasing $250 million to settle debts that KCM owes to contractors and suppliers

India's maiden critical mineral auctions: Who are the participants?

Among the five players who have won the bids, only Dalmia Bharat Refractories is affiliated with a major business group

Govt cancels 14 critical mineral block auctions launched in second tranche

India, in February, had launched the second part of its critical minerals auction worth an estimated $362 billion, listing 18 critical mineral blocks across eight states

Govt to name bidders of first round of strategic mineral blocks on Monday

The government on Monday will declare the names of the bidders who have won the blocks in the first round of critical and strategic mineral blocks auction. The preferred bidders will be declared during the launch of the fourth round of auction of critical and strategic mineral blocks. "During the event, preferred bidders of the first tranche launched on November 29, 2023 will be declared," the mines ministry said in a statement. Union Minister of Coal and Mines G Kishan Reddy and Minister of State for Coal and Mines Satish Chandra Dubey will launch the fourth round of auction of critical and strategic mineral blocks here. So far, the Centre has launched three tranches of auction of 38 critical and strategic mineral blocks located across 14 States and Union Territories. The government had earlier cancelled the auction for 13 of the 20 blocks put on sale in the first tranche of critical minerals as the response was lukewarm. Of the 20 blocks put on offer, 56 physical bids and 56 on

India eyes multiple mineral pacts with about a dozen countries in Africa

Private players will be invited to take part in exploration, trade within those countries

Khanij Bidesh India likely to acquire lithium asset in Australia in FY25

Khanij Bidesh India Ltd (KABIL) hopes to acquire a lithium block in Australia this year, a top official said on Saturday. KABIL, a joint venture of three PSUs to scout for mineral assets overseas, has been working in Australia for the last year, Mines secretary V L Kantha Rao said. "KABIL (Khanij Bidesh India Ltd) has the responsibility to look at other countries. We have to increase our efforts in Australia. We will have to ensure that during this financial year, we target one more asset," Rao said at the inauguration of the registered office of KABIL here. KABIL is owned by three public sector undertakings -- National Aluminium Company Ltd (Nalco), Hindustan Copper Ltd (HCL) and Mineral Exploration and Consultancy Ltd (MECL). "I am hoping that it should be Australia because we have been working (there) for the last year," he explained. But unlike Argentina, Australia would be a bit costly so the paid-up capital of KABIL will have to be increased. KABIL has a paid-up capital of R

Nearly 20 critical mineral blocks to be put up for sale by June-end

Offshore mineral auction within three months

Centre aims to conclude first round of critical mineral auction within week

The Centre has initiated the auction of 38 critical & strategic minerals to date. The initial tranche included 20 blocks, while the subsequent tranche consisted of 18 blocks

In first critical mineral auction, no bidder for J&K lithium block

The Centre has initiated the auction of 38 critical & strategic minerals to date. The initial tranche included 20 blocks, while the subsequent tranche consisted of 18 blocks