Latest news with #MinistryofMines
The Hindu
2 days ago
- Science
- The Hindu
CSIR-NGRI chief scientist bags National Geoscience Award
CSIR-National Geophysical Research Institute chief scientist M. Ram Mohan has been selected for the National Geoscience Award – 2024, conferred by the Ministry of Mines, recognising his contributions to the field of geochemistry. With an academic foundation from Osmania University ( Ph.D), Dr. Mohan's research has significantly advanced geoscience, particularly in understanding Archean crustal growth processes, gold metallogeny, and the evolution of the Indian Shield. The distinguished scientist is a Fellow of the Telangana Academy of Sciences and has been honored with the IGU Krishnan Gold Medal, BOYSCAST Fellowship of DST (Govt. of India), and CSIR-Raman Research Fellowship, said a press release.
New Indian Express
4 days ago
- Business
- New Indian Express
NLCIL wins two blocks in Tranche V auction of critical minerals in Chhattisgarh; to boost fertiliser, energy sectors
CUDDALORE: Neyveli Lignite Corporation India Limited (NLCIL) has emerged as the preferred bidder for two strategic mineral blocks, Raipura and Semhardih, in the Tranche V auction conducted by the Ministry of Mines. Both blocks, located in Chhattisgarh, contain reserves of phosphorite and limestone, which are essential for India's fertiliser and industrial sectors. In a press statement on Wednesday, NLCIL said, 'With production of phosphorite from these mines, the huge dependence on imports can be reduced and can greatly contribute to the sustainability and growth of the agriculture sector in the country.' The company stated that the Raipura block was secured with a final price offer of 8.60%, while the Semhardih block was won with a final offer of 11.05%. 'These acquisitions are aligned with NLCIL's long-term strategy to expand its presence in the mining of critical minerals, which are increasingly vital for clean energy technologies, fertilisers, electronics, and industrial processes,' the statement added. CMD of NLCIL, S Prasanna Kumar Motupalli, said, 'The acquisition of these critical mineral blocks is a proud moment for NLCIL and a significant step in supporting the Government's vision of ensuring a resilient and sustainable mineral ecosystem. Phosphorite is crucial for food security and the fertiliser industry, and securing these resources strengthens our country's journey towards self-reliance.'
The Hindu
5 days ago
- Business
- The Hindu
NLC wins bid for two mineral blocks in Chattisgarh
NLC India Limited (NLCIL) has won the bid for two critical and strategic mineral blocks in the recently concluded Tranche V auction conducted by the Ministry of Mines. A press note said the two blocks — Raipura and Semhardih, both located in Chhattisgarh — contained reserves of phosphorite and limestone, essential minerals in India's fertilizer and industrial sectors. It was worthy to note that, with production of phosphorite from these mines, the huge dependence on import could be reduced and it would contribute significantly towards sustainability and growth of agriculture sector in the country, it added. The Raipura Block was won with a final price offer of 8.6%, while the Semhardih Block was secured with a final offer of 11.05%. These acquisitions were aligned with NLCIL's long-term strategy to expand its presence in the mining of critical minerals, which were increasingly vital for clean energy technologies, fertilizers, electronics, and industrial processes. The acquisition of new mineral assets to complement NLCIL's portfolio — thermal power, lignite mining, renewable energy, and upcoming green hydrogen projects — comes amid NLCIL's strategic push to diversify its resource base and play a vital role in reducing India's dependency on imports and in strengthening the country's industrial and agricultural infrastructure, the company said. Prasanna Kumar Motupalli, CMD of NLC India Limited, stated that the acquisition of these critical mineral blocks was a significant step in supporting the government's vision of ensuring a resilient and sustainable mineral ecosystem. Noting that phosphorite was crucial for food security and the fertilizer industry, the CMD said critical minerals would be the building blocks of new-age technologies, green energy solutions, and national prosperity in the journey towards a sustainable and decarbonised future.
Time of India
5 days ago
- Business
- Time of India
Oil India wins Rajasthan Potash-Halite block in first-ever auction under 5th tranche
New Delhi: Oil India Ltd (OIL) has secured the Jorkian–Satipura–Khunja Amalgamated Potash and Halite block in Rajasthan's Hanumangarh district, becoming the preferred bidder in the fifth tranche of critical and strategic mineral auctions conducted by the Ministry of Mines . This marks the first-ever successful auction of a Potash block by the Government of India. The block was one of 10 mineral blocks awarded in the tranche that featured minerals such as Graphite, Phosphorite, Phosphate, Rare Earth Elements (REE), Vanadium, Potash and Halite across six states — Chhattisgarh, Karnataka, Madhya Pradesh, Odisha, Rajasthan, and Uttar Pradesh. 'Oil India Limited, the Maharatna CPSE of Govt of India, in its commitment towards energy transition and diversifying the business portfolio have successfully bagged a critical and strategic mineral block under the 5th tranche of auction conducted by the Ministry of Mines, Govt. of India,' the company said in a statement. 'OIL has been declared as the Preferred Bidder for grant of composite license for the Jorkian–Satipura–Khunja Amalgamated Potash and Halite Block in Hanumangarh district of Rajasthan,' it said. The auction marks Oil India's entry into the critical and strategic minerals segment. The block awarded to Oil India is among the 34 total blocks awarded across five tranches so far, out of 55 blocks put up for auction. 'OIL's strategic diversification into critical minerals represents a well-timed response to national priorities to support India's self-reliance goals,' the company stated. The Ministry of Mines has also launched the National Critical Mineral Mission to facilitate exploration, development, and self-sufficiency in key minerals critical for energy transition and industrial use.
TimesLIVE
5 days ago
- Business
- TimesLIVE
Guinea cancels 129 exploration permits, further tightening control
Guinea's military government has cancelled 129 minerals exploration permits, it said in a statement late on Monday, as the West African nation tightens control over its assets. A senior official at the Ministry of Mines said the decision was taken to free unused resources for other investors. "We've simplified it by digitising the whole system, which can now be better controlled," the official told Reuters, speaking on condition of anonymity. It wasn't immediately clear whether any significant investments would be affected by the move. A second Guinean ministry official said most of the cancelled permits were to identify gold deposits and that the assets had been returned to the state.
