Govt Cancels Auction of 11 Critical Mineral Blocks Due to Poor Response
COAL & MINING

Govt Cancels Auction of 11 Critical Mineral Blocks Due to Poor Response

The Indian government has cancelled the auction of 11 critical mineral blocks in the fourth round due to a lack of interest. Four blocks, including those for tungsten and glauconite, did not receive any bids, while the remaining seven attracted fewer than three technically qualified bidders.

This follows a trend of lukewarm responses in previous auctions, with the government having previously cancelled auctions of several critical mineral blocks due to low participation.

Critical minerals like cobalt, lithium, and rare earths are vital for green energy technologies and semiconductor production. India’s upcoming Critical Mineral Mission aims to secure these resources, with a focus on international investments, especially in countries like Australia.

The Indian government has cancelled the auction of 11 critical mineral blocks in the fourth round due to a lack of interest. Four blocks, including those for tungsten and glauconite, did not receive any bids, while the remaining seven attracted fewer than three technically qualified bidders. This follows a trend of lukewarm responses in previous auctions, with the government having previously cancelled auctions of several critical mineral blocks due to low participation. Critical minerals like cobalt, lithium, and rare earths are vital for green energy technologies and semiconductor production. India’s upcoming Critical Mineral Mission aims to secure these resources, with a focus on international investments, especially in countries like Australia.

Next Story
Infrastructure Urban

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Next Story
Infrastructure Urban

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi’s daily average Air Quality Index (AQI) clocked 213 (‘Poor’ category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording ‘Poor’ air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Next Story
Infrastructure Urban

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of “Financial Fraud Risk Indicator (FRI)” with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the “Financial ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?