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.

Next Story
Real Estate

Capacit’e Infraprojects Wins Rs 6.21 billion order from Saifee Burhani Upliftment Trust

Capacit’e Infraprojects has secured a Letter of Intent (LOI) worth Rs 6.21 billion (excluding GST) from Saifee Burhani Upliftment Trust (SBUT) for the execution of core and shell works, finishing, MEPF services, and other associated components of the redevelopment project—Sector 07 of the Saifee Burhani Upliftment Project—located at Ward ‘C’, Bhendi Bazaar, Mumbai. This is the third repeat order from SBUT to Capacit’e Infraprojects, underscoring the trust and satisfaction of a long-standing client in the company’s project delivery capabilities. Commenting on the develop..

Next Story
Resources

K Raheja Corp's Volunteering Drive Brings Back-to-School Cheer for Underprivileged Kids

Real estate major K Raheja Corp concluded its latest community initiative under the ‘Time Off for Volunteering’ programme, titled Paint a Pair, Show You Care. Held in association with NGO ConnectFor, the campaign was part of a larger 'Back to School' drive aimed at supporting underprivileged students from the Jhanvi Charitable Trust. More than 45 employees from across group companies—Mindspace Business Parks, Chalet Hotels Ltd., K Raheja Corp Homes, and Inorbit Malls—came together to hand-paint over 60 pairs of canvas shoes for children preparing to return to school. Volunteers al..

Next Story
Infrastructure Urban

CCI Worldwide Logistics Launches ‘Trans Africa’ Freight Service

CCI Worldwide Logistics, the international freight forwarding arm of the CCI Group, has launched ‘Trans Africa’—a technology-led logistics platform aimed at streamlining cross-border trade across Africa. The company is investing Rs 1.06 billion in the initiative, targeting an annual freight volume of 5,000 TEUs by air and sea, with an estimated 15 per cent return on investment. The service is being rolled out in key markets such as Nigeria, Kenya, South Africa, Ghana, and Egypt, with planned expansion into Francophone West Africa, Central Africa, and landlocked nations including Uga..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?