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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code