Mineral Rich States

India need to secure long-term critical mineral supply sources: CareEdge

With India having limited resources of lithium, cobalt, nickel and other critical minerals, domestic players need to secure long-term supply from countries having sizable reserves and focus on battery reuse and recycling, ratings agency CareEdge said on Wednesday. This would provide environmental benefits and reduce price and supply risk associated with imports of these minerals, CareEdge said. India has set an ambitious target to meet 50 per cent of its primary energy requirement from renewable energy sources by 2030 (as a percentage of annual sales). To achieve this, India needs significant penetration of electric vehicles (EVs) as well as grid level energy storage capacity, the ratings agency said, and this envisaged transition would significantly increase India's need for advanced chemistry batteries, particularly lithium-ion (Li-ion) batteries, due to the limitations of traditional batteries like lead-acid and nickel-metal hydride batteries. "The demand for lithium-ion battery

New rail lines to put mineral transportation from C'garh on fast track

The Korba-Ambikapur rail line will connect two major cities known for having rich coal reserves

Royalty not tax: SC grants states power to levy taxes on mineral rights

The Supreme Court has affirmed that states have the authority to levy taxes on mineral rights and would not be limited by the Mines and Minerals (Development and Regulation) Act 1957 (MMDR Act)

Govt plans to auction 6 mineral blocks in Odisha, Rajasthan next month

The government plans to put on sale next month six mineral blocks in the states of Odisha and Rajasthan. Of these six blocks to be auctioned, three are bauxite mines and three are limestone blocks. The three bauxite blocks -- Ballada, Kutrumali and Sijimali -- and two limestone mines -- Garramura and Uskalabgu -- in Odisha are virgin blocks, according to a latest report by the mines ministry. The remaining mine is Nimana-Duniya limestone block in Kota, Rajasthan. The notice inviting tender for all the six blocks was floated in the month of November. Since the amendment to MMDR Act, 1957 in 2015, a total of 216 mineral blocks have been auctioned till November 30 across 10 states. Three mineral blocks -- two limestone and one iron ore -- in Rajasthan and Chhattisgarh were successfully auctioned last month. The government started the process of allocating mineral blocks through auctions in 2015-16. The ministry has expressed hope of auctioning 500 mines by the end of 2024. The Cen

Centre asks states to pick 5 new mineral blocks with clearances for auction

The identified blocks would be auctioned along with other blocks without pre-embedded clearances