Six States Initiate Auction for Critical Mineral Exploration Licenses
COAL & MINING

Six States Initiate Auction for Critical Mineral Exploration Licenses

In a significant move towards mineral resource development, six states in India have launched auctions for critical mineral exploration licenses. This initiative aims to accelerate exploration activities and unlock the potential of critical minerals essential for various industries, including energy, manufacturing, and technology.

The auction process will enable private sector participation in mineral exploration, fostering investment and technological innovation in the sector. It also aligns with the government's objectives of promoting domestic mineral production, reducing import dependency, and boosting self-reliance in critical minerals.

Furthermore, the exploration and extraction of critical minerals are crucial for supporting India's economic growth and development across sectors. By facilitating the exploration of these minerals, the auctions seek to strengthen the country's mineral security and enhance its competitiveness in the global market.

Overall, the launch of auctions for critical mineral exploration licenses by six states signals a significant step towards harnessing India's mineral potential and promoting sustainable resource management. It represents a collaborative effort between the government and the private sector to drive mineral exploration and contribute to India's overall growth and development agenda.

In a significant move towards mineral resource development, six states in India have launched auctions for critical mineral exploration licenses. This initiative aims to accelerate exploration activities and unlock the potential of critical minerals essential for various industries, including energy, manufacturing, and technology. The auction process will enable private sector participation in mineral exploration, fostering investment and technological innovation in the sector. It also aligns with the government's objectives of promoting domestic mineral production, reducing import dependency, and boosting self-reliance in critical minerals. Furthermore, the exploration and extraction of critical minerals are crucial for supporting India's economic growth and development across sectors. By facilitating the exploration of these minerals, the auctions seek to strengthen the country's mineral security and enhance its competitiveness in the global market. Overall, the launch of auctions for critical mineral exploration licenses by six states signals a significant step towards harnessing India's mineral potential and promoting sustainable resource management. It represents a collaborative effort between the government and the private sector to drive mineral exploration and contribute to India's overall growth and development agenda.

Next Story
Building Material

JK Cement emerges successful bidder for Mahan coal mine in Madhya Pradesh

This marks the company’s second commercial coal block win, following its acquisition of the West of Shahdol (South) coal block. "The company is committed to becoming self-reliant for its existing cement plants and upcoming projects," JKC stated. The surplus coal from the mine will be sold commercially. The vesting order was handed over to JK Cement during a ceremony at Shastri Bhawan, New Delhi, a critical milestone for commencing mining operations within the stipulated timeline...

Next Story
Building Material

Prism Johnson's cement division goes live with Ramco ERP Suite

Prism Johnson has successfully gone live with the Ramco ERP Suite for its Cement Division. This milestone marks a significant step in Prism Johnson's digital transformation journey, leveraging Ramco Systems' advanced enterprise solutions and process control systems to streamline business processes, manufacturing operations and drive efficiency. The implementation includes cutting-edge modules for Maintenance, Sales, Distribution, Finance, Procurement, Manufacturing, Quality, and HR Management (HRM). These solutions enable Prism Johnson to achieve seamless integration across its business and wo..

Next Story
Infrastructure Urban

Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000