Mines Ministry

Union Budget 2024-25 has proposed launching Critical Mineral Mission for domestic production, recycling of critical minerals, and overseas acquisition of critical mineral assets

Coal & mines ministries to work towards ensuring energy availability: Kishan Reddy

As Reddy took charge of the coal and the mines ministries on June 13, he acknowledged the work done under Pralhad Joshi, the former coal minister.

Seven critical mineral blocks, including lithium, see less than three bids in first round

The ministry is now launching a third auction for the seven blocks consisting of critical minerals such as Glauconite, Graphite, Nickel, PGE, Potash, Lithium, and Titanium.

Offshore mineral blocks to be auctioned in 2-3 months: Secretary of Mines Ministry

The Geological Survey of India has already handed over 35 offshore mineral blocks for auction to the government and 24 more blocks are in pipeline to be handed over.

Government to launch second round of critical minerals auction before February

Last month, 20 critical mineral blocks, spread across the country in states including Bihar, Odisha, Uttar Pradesh, Chhattisgarh, Jharkhand, Tamil Nadu and the union territory of Jammu and Kashmir, were auctioned

Mines ministry working on policy for critical minerals

The mines ministry has been actively involved in the deliberations at G20 and was instrumental in ensuring that the role of critical minerals in energy transitions has been acknowledged by the G20 Community.

India's mineral production rises 22% in September

The cumulative growth for the April-September period over the corresponding period of the previous year has decreased 15.2 per cent, the ministry said in a statement.

India's mineral production up 37% in April: Mines Ministry

The production level of important minerals in April 2021 includes, coal 516 lakh tonnes, lignite 31 lakh tonnes, natural gas (utilised) 2,583 million cubic metre, petroleum (crude) 25 lakh tonnes, bauxite 16.61 lakh tonnes, chromite 6.36 lakh tonnes and gold 120 kg.

Continuing with certain provisions of MMDR Act to cause loss to state exchequer: Govt

The ministry said it proposes to amend provisions related to grant of prospecting licence and mining leases, and allocate such mineral blocks through transparent method of auction.

Govt launches portal to promote R&D in mining, mineral sector

The portal has been designed, developed and implemented by National Informatics Centre (NIC), Mines Informatics Division.

Parliamentary panel asks Hindustan Copper to take measures for timely execution of expansion projects

It has been stated that though expansion projects in revised estimate (RE) stage, the target has been retained at Rs 402 crore, however, the same amount of expenditure may not be achieved due to delay in awarding of some of the tenders related to mine expansion, it said.

Mines Ministry asks states to start auction of mining leases expiring in 2020 by July next year

The Mines Ministry was also of view that exploration for all mining leases expiring in 2020 must be completed by December and in case any help is needed, Mineral Exploration Corporation Ltd (MECL) and Geological Survey of India (GSI) should be approached, the minutes said.

No need to cap iron ore prices, plan to expand output: Govt

"There is no shortage of iron ore and at present there is no thinking in the mines ministry of capping of iron ore prices," Mines Secretary Arun Kumar said at a press conference here. "Mines of ministry does not have a plan of fixation for iron ore prices. They (Mines Ministry) are the administrative ministry," Kumar said.

Govt mulls 'further steps' to guard aluminium sector interests

The Centre is mulling taking more measures to safeguard the interests of the aluminium industry, a Parliamentary Panel said today.

Expect legal view on HZL share sale in a month: Govt

Legal opinion on the proposed buying of government's residual stake in Hindustan Zinc Ltd (HZL) by Vedanta is expected within a month, the Mines Ministry said today.

Govt to launch portal to speed up mining activity in country

The Mines Ministry has developed a portal which would facilitate in expediting the clearances associated with the mining blocks and help all stakeholders to track status of statutory clearances, an official statement said.

Mines min seeks MIP on aluminum; pegs prices at $1996/tonne:Srcs

CNBC-TV18‘s Anshu Sharma, quoting sources, said that revised MIP for primary aluminum products is likely to be USD 1996 per tonne. For secondary aluminum products, MIP is likely to be range of USD 2275-3266 per tonne.

After steel, minimum import price for aluminum on cards?

The mines ministry may favour an MIP to protect local industry from a flurry of cheap imports. State-owned consulting firm Mecon to submit revised report shortly.

India mines minerals worth Rs 17,339 cr in July

That was followed by petroleum (crude) at Rs 5,593 crore, natural gas (utilised) at Rs 2,165 crore, iron ore at Rs 1,347 crore, limestone at Rs 554 crore and Lignite at Rs 535 crore, it added.

Mines Min working on action plan to raise contribution in GDP

"As our Minister (Piyush Goyal) has said on increasing the share of the mining sector in India's GDP by 1 per cent in the next 2-3 years, we are working on an action plan over this," Mines Secretary Balvinder Kumar told reporters.

Will work on increasing minerals' share in GDP by 1%: Goyal

Piyush Goyal, who assumed the charge of Mines Minister today, said he will work towards increasing the share of the mines and minerals sector in the GDP by 1 per cent in the next 2-3 years.

India to auction 100 blocks for exploration by Nov: Mines Min

India will auction 100 prospective mineral blocks of 100 sq km area each by November this year, a move that will boost the country's mining potential.

Mines Ministry to discuss threshold value on heavy minerals

"Mines Ministry will take up the issue of TLV on beach sand minerals (BSM) with the industry over the demand that it has made on the provisions of the draft Atomic Mineral Concession Rules 2016 at the national mines and minerals conclave in Raipur tomorrow," a senior government official said.

Cabinet likely to consider mineral exploration policy on June 29

The Cabinet is likely to take up the National Mineral Exploration Policy (NMEP) on June 29, which will pave the way for auction of 100 prospective mineral blocks, boosting India's mining potential

Mines Ministry to soon move Cabinet on exploration policy

"Ministry will soon send the NMEP to the Union Cabinet for approval. After the policy is approved, the government can auction 100 blocks that have been identified by Geological Survey of India (GSI) for exploration," a senior official said.