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Lithium, cobalt, copper, nickel and rare earth elements are known as critical minerals which are essential for manufacturing defence equipment and key technologies. S“>
Union minister G Kishan Reddy on Monday said the Centre will soon launch the National Critical Mineral Mission (CMM) to enhance domestic production, reduce import dependence, and encourage offshore mining auctions, while urging states to cooperate for sustained mining activities. Reddy made the remark after inaugurating the 3rd National Mining Ministers’ Conference in Konark, in the presence of Odisha Chief Minister Mohan Charan Majhi, Bihar’s deputy CM Vijay Kumar Sinha, Telangana deputy CM Bhatti Vikramarka Mallu, and other dignitaries and industry leaders.
“The mission will soon get Cabinet approval. Union finance minister had announced about it in her budget speech. Import duty on critical mineral has also been made zero,” Reddy said.
Lithium, cobalt, copper, nickel and rare earth elements are known as critical minerals which are essential for manufacturing defence equipment and key technologies. Stating that India has already made a place in the global platform on critical minerals, the Union coal and mines minister said his ministry wants the public and private sectors to work in tandem in this regard.
Reddy said India launched the auction of 48 critical mineral blocks, with 24 successfully allotted. “The fifth tranche offering of 15 critical mineral blocks was launched today, and industries have participated with full encouragement. This momentum should continue,” he added. He also recognised the growing potential of offshore mining, marking India’s first offshore mineral auction in 75 years, which will reduce import dependence and contribute significantly to India’s self-sufficiency.
Addressing the conference, chief minister Mohan Charan Majhi said the state, known for its vast mineral resources, significantly contributes to India’s industrial and economic growth. “The conference serves as a vital platform for knowledge-sharing, collaboration and policy deliberation to ensure sustainable and environmentally responsible mining practices,” he said.
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“The mission will soon get Cabinet approval. Union finance minister had announced about it in her budget speech. Import duty on critical mineral has also been made zero,” Reddy said.
- Updated On Jan 21, 2025 at 02:15 PM IST
Lithium, cobalt, copper, nickel and rare earth elements are known as critical minerals which are essential for manufacturing defence equipment and key technologies. S“>
Union minister G Kishan Reddy on Monday said the Centre will soon launch the National Critical Mineral Mission (CMM) to enhance domestic production, reduce import dependence, and encourage offshore mining auctions, while urging states to cooperate for sustained mining activities. Reddy made the remark after inaugurating the 3rd National Mining Ministers’ Conference in Konark, in the presence of Odisha Chief Minister Mohan Charan Majhi, Bihar’s deputy CM Vijay Kumar Sinha, Telangana deputy CM Bhatti Vikramarka Mallu, and other dignitaries and industry leaders.”The mission will soon get Cabinet approval. Union finance minister had announced about it in her budget speech. Import duty on critical mineral has also been made zero,” Reddy said.
Lithium, cobalt, copper, nickel and rare earth elements are known as critical minerals which are essential for manufacturing defence equipment and key technologies. Stating that India has already made a place in the global platform on critical minerals, the Union coal and mines minister said his ministry wants the public and private sectors to work in tandem in this regard.
Reddy said India launched the auction of 48 critical mineral blocks, with 24 successfully allotted. “The fifth tranche offering of 15 critical mineral blocks was launched today, and industries have participated with full encouragement. This momentum should continue,” he added. He also recognised the growing potential of offshore mining, marking India’s first offshore mineral auction in 75 years, which will reduce import dependence and contribute significantly to India’s self-sufficiency.Addressing the conference, chief minister Mohan Charan Majhi said the state, known for its vast mineral resources, significantly contributes to India’s industrial and economic growth. “The conference serves as a vital platform for knowledge-sharing, collaboration and policy deliberation to ensure sustainable and environmentally responsible mining practices,” he said.
- Published On Jan 21, 2025 at 02:04 PM IST
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