Hindustan Zinc, Jindal Power vie for Rajasthan Gold Mines
COAL & MINING

Hindustan Zinc, Jindal Power vie for Rajasthan Gold Mines

Several prominent Indian firms including Hindustan Zinc, Jindal Power, and JK Cement are competing for the rights to operate two gold mines in Rajasthan. This competitive bidding process, overseen by the Rajasthan government, highlights growing interest in India's mining sector despite regulatory and operational challenges.

The auction, facilitated under the Mines and Minerals (Development and Regulation) Act, aims to allocate mining rights for the Bhukia and Khetri mines in Rajasthan. These mines are estimated to hold significant reserves of gold, attracting bids from major players in the metals and mining industry.

Hindustan Zinc, a subsidiary of Vedanta Resources, is known for its expertise in base metal mining and has expressed interest in expanding its portfolio to include precious metals. Jindal Power, part of the O.P. Jindal Group, aims to diversify its energy-focused business into mining, leveraging its operational capabilities and financial strength.

JK Cement, a leading player in the cement industry, seeks to secure access to raw materials through vertical integration strategies. The company's participation underscores its strategic intent to strengthen its supply chain and reduce dependency on external sources.

The outcome of the bidding process is anticipated to enhance Rajasthan's mining sector, boost local employment opportunities, and stimulate economic growth in the region. Successful bidders will be expected to adhere to stringent environmental and social responsibility standards while contributing to the state's revenue generation through royalties and taxes.

As the auction progresses, stakeholders await the final decision, which will shape the future landscape of gold mining in Rajasthan and contribute to India's mineral resource development goals.

Several prominent Indian firms including Hindustan Zinc, Jindal Power, and JK Cement are competing for the rights to operate two gold mines in Rajasthan. This competitive bidding process, overseen by the Rajasthan government, highlights growing interest in India's mining sector despite regulatory and operational challenges. The auction, facilitated under the Mines and Minerals (Development and Regulation) Act, aims to allocate mining rights for the Bhukia and Khetri mines in Rajasthan. These mines are estimated to hold significant reserves of gold, attracting bids from major players in the metals and mining industry. Hindustan Zinc, a subsidiary of Vedanta Resources, is known for its expertise in base metal mining and has expressed interest in expanding its portfolio to include precious metals. Jindal Power, part of the O.P. Jindal Group, aims to diversify its energy-focused business into mining, leveraging its operational capabilities and financial strength. JK Cement, a leading player in the cement industry, seeks to secure access to raw materials through vertical integration strategies. The company's participation underscores its strategic intent to strengthen its supply chain and reduce dependency on external sources. The outcome of the bidding process is anticipated to enhance Rajasthan's mining sector, boost local employment opportunities, and stimulate economic growth in the region. Successful bidders will be expected to adhere to stringent environmental and social responsibility standards while contributing to the state's revenue generation through royalties and taxes. As the auction progresses, stakeholders await the final decision, which will shape the future landscape of gold mining in Rajasthan and contribute to India's mineral resource development goals.

Next Story
Infrastructure Urban

Andhra Pradesh to Develop 30,000 Women-Led Enterprises by 2025

The Municipal Administration and Urban Development (MAUD) Department is accelerating efforts to create sustainable livelihoods for women in urban areas, in line with Chief Minister Nara Chandrababu Naidu’s goal of fostering one lakh women entrepreneurs by 2025. Under this initiative, the MAUD Department has set a target to establish 30,000 women-led enterprises across towns and cities in Andhra Pradesh. To support this vision, the department plans to establish Micro, Small & Medium Enterprises (MSMEs) for women in TIDCO housing complexes. Vacant plots across 163 colonies have been earmarked ..

Next Story
Infrastructure Energy

G Kishan Reddy discusses mining expansion, clearances with Chhattisgarh CM

Coal and Mines Minister G Kishan Reddy met Chhattisgarh CM Vishnu Deo Sai on Friday to expedite land acquisition and environmental clearances for mining projects. Reddy, who was on a two-day visit to review operations at South Eastern Coalfields Ltd (SECL), discussed measures to boost mining-led economic growth in the state. Key topics included speeding up land acquisition for mine expansions, obtaining quicker environmental approvals, and setting up integrated rehabilitation and resettlement sites. The minister also highlighted the importance of developing critical minerals in the region, alo..

Next Story
Infrastructure Urban

NITI Aayog's Vision for India's Auto Industry

NITI Aayog has launched the report titled "Automotive Industry: Powering India’s Participation in Global Value Chains," offering a roadmap for the country’s automotive future. Released by Shri Suman Bery, Vice Chairman, the report outlines key strategies to grow India’s automotive sector to $145 bn in component production by 2030. India is currently the fourth-largest automobile producer globally, but with only a modest three per cent share in the global automotive component market. The report emphasises the need to strengthen India’s position through competitive manufacturing, skill d..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?