Ministry of Mines Auctions 8 Strategic Mineral Blocks Under Tranche IV
Cement

Ministry of Mines Auctions 8 Strategic Mineral Blocks Under Tranche IV

The Ministry of Mines has successfully auctioned eight critical and strategic mineral blocks across five states under Tranche IV of its mineral auctions, bringing the total number of auctioned blocks to 22. Launched on June 24, 2024, Tranche IV initially offered 21 mineral blocks, with ten progressing to the second round of e-auctions, and eight blocks awarded.

The blocks auctioned are located in Andhra Pradesh, Arunachal Pradesh, Karnataka, Tamil Nadu, and Uttar Pradesh. Notably, four blocks from the North-East region, including Arunachal Pradesh, were auctioned for the first time, signaling an expansion of India’s mining frontier.

Key minerals in this auction include graphite and vanadium, essential for energy storage and green technologies, as well as tungsten and cobalt, which are vital for high-tech and defense applications. The auction saw active participation from major companies such as Hindustan Zinc, Vedanta, Mamco Mining Private, Oil India, and Orissa Metaliks, with premiums ranging from 2.55% to 320%.

The remaining two blocks from Tranche IV will be auctioned by December 2, 2024.

Earlier this year, the ministry launched its third tranche of auctions, granting concessions for seven mineral blocks across five states. These included minerals critical for energy transition, such as lithium, nickel, and Rare Earth Elements (REEs). The government also amended the Mines and Minerals (Development and Regulation) Act, 1957, setting reduced royalty rates for lithium, niobium, and REEs.

India’s growing focus on critical minerals aligns with its push towards clean energy and electric vehicle development. The government’s first-ever report on “Critical Minerals for India” identified 30 minerals essential for advancing renewable technologies, further highlighting the strategic importance of these auctions.

The Ministry of Mines has successfully auctioned eight critical and strategic mineral blocks across five states under Tranche IV of its mineral auctions, bringing the total number of auctioned blocks to 22. Launched on June 24, 2024, Tranche IV initially offered 21 mineral blocks, with ten progressing to the second round of e-auctions, and eight blocks awarded. The blocks auctioned are located in Andhra Pradesh, Arunachal Pradesh, Karnataka, Tamil Nadu, and Uttar Pradesh. Notably, four blocks from the North-East region, including Arunachal Pradesh, were auctioned for the first time, signaling an expansion of India’s mining frontier. Key minerals in this auction include graphite and vanadium, essential for energy storage and green technologies, as well as tungsten and cobalt, which are vital for high-tech and defense applications. The auction saw active participation from major companies such as Hindustan Zinc, Vedanta, Mamco Mining Private, Oil India, and Orissa Metaliks, with premiums ranging from 2.55% to 320%. The remaining two blocks from Tranche IV will be auctioned by December 2, 2024. Earlier this year, the ministry launched its third tranche of auctions, granting concessions for seven mineral blocks across five states. These included minerals critical for energy transition, such as lithium, nickel, and Rare Earth Elements (REEs). The government also amended the Mines and Minerals (Development and Regulation) Act, 1957, setting reduced royalty rates for lithium, niobium, and REEs. India’s growing focus on critical minerals aligns with its push towards clean energy and electric vehicle development. The government’s first-ever report on “Critical Minerals for India” identified 30 minerals essential for advancing renewable technologies, further highlighting the strategic importance of these auctions.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement