Centre to Launch National Critical Mineral Mission to Enhance Output
COAL & MINING

Centre to Launch National Critical Mineral Mission to Enhance Output

G Kishan Reddy, Union Minister, announced that the Centre would soon launch the National Critical Mineral Mission (CMM) to boost domestic production, reduce reliance on imports, and promote offshore mining auctions. He also called on states to cooperate to ensure sustainable mining activities. Reddy made these statements after inaugurating the 3rd National Mining Ministers' Conference in Konark, attended by 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.

Reddy mentioned that the mission would soon receive Cabinet approval and that the Union Finance Minister had already announced it in her budget speech. He also noted that the import duty on critical minerals had been reduced to zero.

Critical minerals such as lithium, cobalt, copper, nickel, and rare earth elements are essential for manufacturing defence equipment and key technologies.

The Union Minister emphasized that India had already established a strong presence on the global stage regarding critical minerals and expressed the desire for both the public and private sectors to collaborate in this area. He also shared that India had launched an auction for 48 critical mineral blocks, with 24 of them successfully allotted. He mentioned that the fifth tranche, consisting of 15 critical mineral blocks, had been launched on the same day, with industries showing full participation. He urged that this momentum be maintained.

Reddy acknowledged the increasing potential of offshore mining, noting that India’s first offshore mineral auction in 75 years would help reduce import dependence and contribute significantly to the country's self-sufficiency.

Odisha Chief Minister Mohan Charan Majhi stated that the state, known for its vast mineral resources, played a crucial role in India’s industrial and economic growth. He highlighted that the conference served as a vital platform for knowledge-sharing, collaboration, and policy deliberation aimed at ensuring sustainable and environmentally responsible mining practices. Majhi emphasized that Odisha would be pivotal in the country’s transformation, particularly through the 'Purvodaya Mission,' which aims to unlock India’s economic potential and build a more self-reliant and prosperous nation.

Reddy and Majhi jointly launched the Mining Tenement System (MTS) at the conference. This digital platform aims to streamline processes, enhance transparency, and improve efficiency in the allocation and management of mineral resources.

Additionally, they handed over sanction letters to 11 startups, which were selected for funding of Rs 150.97 million under the S&T-PRISM component of the Science and Technology Programme of the Ministry of Mines. These startups will focus on developing indigenous technologies, including sustainable solutions for high-grade silica production, lithium battery materials, and AI-enhanced mining operations.

Reddy and Majhi also presented awards for excellence in mineral block auctions. Rajasthan was recognized for securing the top position, followed by Madhya Pradesh and Maharashtra, for conducting the highest number of auctions in the 2023-24 fiscal year. They jointly released a booklet on 'Best Practices on Mine Closure' during the conference.

VL Kantha Rao, Secretary of the Ministry of Mines, highlighted significant achievements in the mining sector. He revealed that 75 per cent of mining block auctions had been conducted in the last four years, and Odisha had generated Rs 1.33 trillion in mineral revenue over the past decade.

G Kishan Reddy, Union Minister, announced that the Centre would soon launch the National Critical Mineral Mission (CMM) to boost domestic production, reduce reliance on imports, and promote offshore mining auctions. He also called on states to cooperate to ensure sustainable mining activities. Reddy made these statements after inaugurating the 3rd National Mining Ministers' Conference in Konark, attended by 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. Reddy mentioned that the mission would soon receive Cabinet approval and that the Union Finance Minister had already announced it in her budget speech. He also noted that the import duty on critical minerals had been reduced to zero. Critical minerals such as lithium, cobalt, copper, nickel, and rare earth elements are essential for manufacturing defence equipment and key technologies. The Union Minister emphasized that India had already established a strong presence on the global stage regarding critical minerals and expressed the desire for both the public and private sectors to collaborate in this area. He also shared that India had launched an auction for 48 critical mineral blocks, with 24 of them successfully allotted. He mentioned that the fifth tranche, consisting of 15 critical mineral blocks, had been launched on the same day, with industries showing full participation. He urged that this momentum be maintained. Reddy acknowledged the increasing potential of offshore mining, noting that India’s first offshore mineral auction in 75 years would help reduce import dependence and contribute significantly to the country's self-sufficiency. Odisha Chief Minister Mohan Charan Majhi stated that the state, known for its vast mineral resources, played a crucial role in India’s industrial and economic growth. He highlighted that the conference served as a vital platform for knowledge-sharing, collaboration, and policy deliberation aimed at ensuring sustainable and environmentally responsible mining practices. Majhi emphasized that Odisha would be pivotal in the country’s transformation, particularly through the 'Purvodaya Mission,' which aims to unlock India’s economic potential and build a more self-reliant and prosperous nation. Reddy and Majhi jointly launched the Mining Tenement System (MTS) at the conference. This digital platform aims to streamline processes, enhance transparency, and improve efficiency in the allocation and management of mineral resources. Additionally, they handed over sanction letters to 11 startups, which were selected for funding of Rs 150.97 million under the S&T-PRISM component of the Science and Technology Programme of the Ministry of Mines. These startups will focus on developing indigenous technologies, including sustainable solutions for high-grade silica production, lithium battery materials, and AI-enhanced mining operations. Reddy and Majhi also presented awards for excellence in mineral block auctions. Rajasthan was recognized for securing the top position, followed by Madhya Pradesh and Maharashtra, for conducting the highest number of auctions in the 2023-24 fiscal year. They jointly released a booklet on 'Best Practices on Mine Closure' during the conference. VL Kantha Rao, Secretary of the Ministry of Mines, highlighted significant achievements in the mining sector. He revealed that 75 per cent of mining block auctions had been conducted in the last four years, and Odisha had generated Rs 1.33 trillion in mineral revenue over the past decade.

Next Story
Infrastructure Urban

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's  fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building  (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous  Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in  Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant  advancement in the company's commitment to engineered performance, manu..

Next Story
Infrastructure Urban

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Next Story
Infrastructure Urban

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App