GMDC mulls setting up rare earth processing unit in Gujarat
COAL & MINING

GMDC mulls setting up rare earth processing unit in Gujarat

State-run GMDC says it is contemplating conducting a study to determine the economic viability of setting up a rare earth elements processing unit in Gujarat’s Chotaudepur district. Rare-earth elements, (REE) also known as rare-earth metals, are crucial to developing green energy technologies like permanent magnets for electric vehicles and wind turbines and LEDs.

Gujarat Mineral Development Corporation (GMDC) "is looking at conducting a scoping study to determine the economic viability of the project and outline at least one opportunity to develop the processing plant for the deposit at Ambadongar, Chotaudepur district in Gujarat state in India," the company said in a statement.

The company also plans to carry out a pre-economic assessment for the Ambadongar deposit involving, among other things, formulating a process flow design and all relevant testing for beneficiation and rare earth elements oxide production.

"We at GMDC will ensure the establishment of a complete value chain for REE elements, estimating the investments required for ventures with possible returns over time in the state," the company's Managing Director Roopwant Singh said.

Rare earth elements are used extensively in advanced technology products and also have commercial, industrial and military applications. China has a monopoly in the segment, meeting 95 per cent of the global demand.

See also:
A hundred and ninety major mineral blocks auctioned in seven years
Rajasthan introduces amnesty scheme for miners


State-run GMDC says it is contemplating conducting a study to determine the economic viability of setting up a rare earth elements processing unit in Gujarat’s Chotaudepur district. Rare-earth elements, (REE) also known as rare-earth metals, are crucial to developing green energy technologies like permanent magnets for electric vehicles and wind turbines and LEDs. Gujarat Mineral Development Corporation (GMDC) is looking at conducting a scoping study to determine the economic viability of the project and outline at least one opportunity to develop the processing plant for the deposit at Ambadongar, Chotaudepur district in Gujarat state in India, the company said in a statement. The company also plans to carry out a pre-economic assessment for the Ambadongar deposit involving, among other things, formulating a process flow design and all relevant testing for beneficiation and rare earth elements oxide production. We at GMDC will ensure the establishment of a complete value chain for REE elements, estimating the investments required for ventures with possible returns over time in the state, the company's Managing Director Roopwant Singh said. Rare earth elements are used extensively in advanced technology products and also have commercial, industrial and military applications. China has a monopoly in the segment, meeting 95 per cent of the global demand. See also: A hundred and ninety major mineral blocks auctioned in seven yearsRajasthan introduces amnesty scheme for miners

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?