Coal India and IREL Partner to Develop Critical Minerals
POWER & RENEWABLE ENERGY

Coal India and IREL Partner to Develop Critical Minerals

Coal India Limited (CIL) and IREL (India) Limited signed a non-binding Memorandum of Understanding (MoU) to collaborate on the development of critical minerals.

This partnership aims to foster the development of critical minerals such as mineral sands and rare earth elements (REE). The two companies will join forces to acquire assets, source raw materials from domestic and international markets, and establish mining, extraction, and refining capabilities.

The collaboration is part of CIL’s strategy to reduce India’s dependence on imports of critical minerals, including lithium and cobalt.

CIL’s Chairman, P M Prasad, has previously stressed the need for securing these mineral assets to support India’s clean energy goals.

The Indian government’s Union Budget for 2024-25 announced the Critical Mineral Mission, which focuses on expanding domestic production, recycling, and incentivising asset acquisition.

India is among the few countries capable of producing rare earth elements, and IREL aims for self-sufficiency in mining, processing, and refining these essential minerals.

However, the development of critical minerals also raises environmental concerns due to the significant water usage and potential for air pollution during refining and processing.

Coal India Limited (CIL) and IREL (India) Limited signed a non-binding Memorandum of Understanding (MoU) to collaborate on the development of critical minerals. This partnership aims to foster the development of critical minerals such as mineral sands and rare earth elements (REE). The two companies will join forces to acquire assets, source raw materials from domestic and international markets, and establish mining, extraction, and refining capabilities. The collaboration is part of CIL’s strategy to reduce India’s dependence on imports of critical minerals, including lithium and cobalt. CIL’s Chairman, P M Prasad, has previously stressed the need for securing these mineral assets to support India’s clean energy goals. The Indian government’s Union Budget for 2024-25 announced the Critical Mineral Mission, which focuses on expanding domestic production, recycling, and incentivising asset acquisition. India is among the few countries capable of producing rare earth elements, and IREL aims for self-sufficiency in mining, processing, and refining these essential minerals. However, the development of critical minerals also raises environmental concerns due to the significant water usage and potential for air pollution during refining and processing.

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