Latest news with #Ni-Cu-PGE
India.com
6 days ago
- Business
- India.com
India hits jackpot! This Indian State set to become super rich as massive Nickel-Copper-PGE deposits found in.., will change...
Raipur: Deccan Gold Mines Limited (DGML) has discovered a Nickel-Copper-Platinum Group Element (Ni-Cu-PGE) minerals deposit, strategically important for green energy and high-tech applications, in Chhattisgarh's Mahasamund district, officials said on Tuesday, news agency PTI reported. The discovery is a crucial step towards securing vital mineral resources for the state and the nation, said Chief Minister Vishnu Deo Sai, adding that it aligns with the Atmanirbhar Bharat mission, promoting self-reliance and sustainable development in strategic sectors. 'This discovery is not just a scientific success but a strategic leap forward. With growing global demand for green and high-tech applications, critical minerals like nickel and PGEs are the backbone of future technologies,' P Dayanand, secretary, Department of Mineral Resources, was quoted as saying by news agency PTI. Where exactly were these massive mineral reserves discovered? In a release, the company stated that the breakthrough is being seen as a major step in unlocking the potential of critical and strategic minerals in the state. The DGML, a gold and critical minerals resource company, secured a 30 square km Composite Licence (permission that allows the firm to first search for minerals and then mine them) for the Bhalukona-Jamnidih block in Basana tehsil on April 1. Why is this discovery a game changer for India's economy? Earlier, the Geological Survey of India (GSI) had conducted G4-level exploration of the block and identified promising mineralization of Nickel, Chromium, and PGEs. Building on this foundation, the Directorate of Geology and Mining (DGM), Chhattisgarh validated the geo-scientific data and proceeded with an e-auction process, it said. The DGML secured the block through an auctioning process on March 6, 2023. As per the company, the preliminary findings are encouraging, with a 700-meter-long mineralized zone identified in prospective mafic-ultramafic rock formations. Furthermore, Geophysical data indicate the presence of sulphide mineralization up to a depth of 300 meters, suggesting substantial mineral potential in the area, it added. Adjacent to this discovery zone lies the Kelwardabri Ni, Cr and PGE Block, which was earlier auctioned to Vedanta Limited. The two blocks together are expected to emerge as a high-potential critical mineral hub in Mahasamund, placing Chhattisgarh on the strategic mineral development map of India, the release said. The discovery comes at a time when the state is actively pursuing an ambitious mineral exploration roadmap for 2024-25, with over 50 per cent of the planned projects dedicated to critical and strategic minerals, it said. The release stated that so far, Chhattisgarh has successfully auctioned 51 mineral blocks, which includes 10 blocks of key resources such as graphite, nickel, chromium, PGEs, lithium, glauconite, phosphorite and graphite-vanadium. In addition, six tin blocks have been submitted to the Union Ministry of Mines, for auction in the near future. To institutionalize efforts in this direction, the DGM Chhattisgarh has set up a dedicated Critical Mineral Cell aimed at providing expert guidance and promoting collaboration with academic, research, and industry institutions to enable advanced exploration and beneficiation of these resources, it added. (With PTI Inputs)
Hindustan Times
7 days ago
- Business
- Hindustan Times
Chhattisgarh: Nickel-Copper-PGE deposit discovered in Mahasamund district
A significant deposit of Nickel, Copper, and Platinum Group Elements (Ni-Cu-PGE) was discovered in Chhattisgarh's Mahasamund district, a statement issued by the state government said on Wednesday. Deccan Gold Mines Limited (DGML) was awarded a 30sq km Composite Licence for the block on April 1 this year. (Representative file photo) The mineral discovery, located in the Bhalukona-Jamnidih block of Basna tehsil, is expected to play a critical role in advancing self-reliance under the Atmanirbhar Bharat initiative, the statement said. 'This is a crucial step toward securing vital resources for both the state and the nation,' said chief minister Vishnu Deo Sai. 'It supports our vision for sustainable development and aligns with India's drive toward strategic independence in critical sectors,' it said. Also Read: Cabinet approves National Critical Mineral Mission Deccan Gold Mines Limited (DGML), a company focused on gold and critical mineral exploration, was awarded a 30sq km Composite Licence for the block on April 1 this year. The licence allows the firm to both explore and eventually mine the area. The Geological Survey of India (GSI) had previously conducted G4-level exploration in the region, identifying promising traces of Nickel, Chromium, and PGEs. These findings were later validated by Chhattisgarh's Directorate of Geology and Mining (DGM), which subsequently facilitated an e-auction for the block. DGML won the block through this process on March 6, 2023, the statement said. Preliminary results from DGML's ongoing exploration are encouraging. A 700-meter-long mineralised zone has been identified within prospective mafic-ultramafic rock formations. Geophysical surveys indicate the presence of sulphide mineralization extending up to 300 meters in depth, pointing to substantial resource potential, it added. P Dayanand, secretary of the department of mineral resources, described the discovery as a 'strategic leap forward.' 'With the global push for green and high-tech technologies, critical minerals like nickel and PGEs have become the backbone of future innovation,' Dayanand said. So far, the state has successfully auctioned 51 mineral blocks, including 10 key blocks containing resources such as graphite, nickel, chromium, PGEs, lithium, glauconite, phosphorite, and graphite-vanadium. Additionally, six tin blocks have been submitted to the Union ministry of mines for upcoming auctions. To streamline exploration and innovation in this sector, the DGM has established a Critical Mineral Cell, aimed at fostering collaboration with academic, research, and industry institutions.
