Latest news with #NationalCriticalMineralsMission
Hans India
5 days ago
- Business
- Hans India
Kishan Reddy bats for strengthening Indo-Peru ties
Hyderabad: Union Minister for Coal and Mines G. Kishan Reddy extended his greetings to the people of Peru on its 204th Independence Day. On Thursday, he was the chief guest at a celebration held in Delhi to honour this significant day. Kishan Reddy noted that Peru and India have maintained friendly relations since 1963, and these ties have strengthened in recent years. Both countries are committed to democratic values and share a mutual understanding on key international issues. He expressed happiness over their cooperative efforts to enhance harmony among South American countries. Peru, one of the most active trading nations in South America, is becoming an increasingly preferred partner for India. The trade relationship between the two countries is strengthening year by year. This collaboration goes beyond economic matters, encompassing cultural and traditional exchanges that foster a sense of brotherhood among their people. Notably, bilateral trade has reached $6 million. Steps are being taken to sign a free trade agreement to further bolster economic relations between the two nations, with negotiations currently ongoing. In an era when the world is advancing toward sustainable development, both India and Peru are focusing on achieving further growth in this area through joint efforts. Peru's rich mineral resources—including gold, silver, zinc, mercury, copper, lithium, rare earth elements, and iron ore—will support India's goals in eco-friendly energy initiatives. Under Prime Minister Narendra Modi's leadership, India has launched the National Critical Minerals Mission to achieve self-sufficiency in the critical minerals sector. In March 2025, a Memorandum of Understanding was signed between the Geological Survey of India and Peru's Instituto Geológico Minero y Metallúrgico (INGEMMET). There are also opportunities for cooperation in fields such as space research, information technology, renewable energy, medicine, and agriculture. A team of Indian mining officials will participate in the 'Perumin-2025' program to be held in Arequipa, Peru, this September. The International Potato Centre, based in Peru, is planning to establish its South Asia regional office in Agra, symbolising the strong agricultural relations between the two countries. This centre is expected to benefit Indian farmers and enhance creativity in agricultural research. Kishan Reddy expressed gratitude to the Peruvian authorities for the opportunity to celebrate International Yoga Day at iconic sites such as Machu Picchu, the Carl Valley, and the Coricancha Temple.
News18
21-07-2025
- Business
- News18
DAE explores rare earth group elements in potential areas: Reddy
New Delhi, Jul 21 (PTI) The exploration and augmentation of rare earth group elements in many potential geological areas in the country is being carried out by a unit of the Department of Atomic Energy, the Parliament was informed on Monday. China's restrictions on the export of rare earth elements and related magnets are affecting the domestic auto and white goods sectors. Replying to a question in Rajya Sabha, coal and mines minister G Kishan Reddy said, 'Atomic Minerals Directorate for Exploration and Research (AMD), a constituent unit of Department of Atomic Energy (DAE), is carrying out exploration and augmentation of rare earth group elements along coastal/ inland/ riverine placer sands, as well as in hard rock terrains in several potential geological domains in the country." The minister further said that as on date, AMD has estimated approximately 7.23 million tonnes (MT) of in-situ Rare Earth Elements Oxide (REO) contained in 13.15 MT of monazite in coastal beach, teri/red sand and inland alluvium in parts of Andhra Pradesh, Odisha, Tamil Nadu, Kerala, West Bengal, Jharkhand, Gujarat and Mahrashtra. He further said that 1.29 MT of in-situ REO resources have been identified in hard rocks in Gujarat and Rajasthan, adding that, as per DAE, mining is feasible for these resources. The National Critical Minerals Mission, launched in 2025 by the government, aims to establish a self-reliant domestic supply chain for critical minerals, including rare earths, he said. PTI SID DR DR view comments First Published: July 21, 2025, 15:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
21-07-2025
- Business
- Time of India
India mapping rare earth resources to cut dependence on China: Reddy
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The exploration and augmentation of rare earth group elements in many potential geological areas in the country is being carried out by a unit of the Department of Atomic Energy , the Parliament was informed on restrictions on the export of rare earth elements and related magnets are affecting the domestic auto and white goods to a question in Rajya Sabha, coal and mines minister G Kishan Reddy said, "Atomic Minerals Directorate for Exploration and Research (AMD), a constituent unit of Department of Atomic Energy ( DAE ), is carrying out exploration and augmentation of rare earth group elements along coastal/ inland/ riverine placer sands, as well as in hard rock terrains in several potential geological domains in the country."The minister further said that as on date, AMD has estimated approximately 7.23 million tonnes (MT) of in-situ Rare Earth Elements Oxide (REO) contained in 13.15 MT of monazite in coastal beach, teri/red sand and inland alluvium in parts of Andhra Pradesh, Odisha, Tamil Nadu, Kerala, West Bengal, Jharkhand, Gujarat and further said that 1.29 MT of in-situ REO resources have been identified in hard rocks in Gujarat and Rajasthan, adding that, as per DAE, mining is feasible for these GSI has augmented 482.6 MT resources of REE ore at various cut-off grades in 34 exploration National Critical Minerals Mission , launched in 2025 by the government, aims to establish a self-reliant domestic supply chain for critical minerals, including rare earths, he said.
Hans India
04-07-2025
- Business
- Hans India
NFTDC plays vital role across defence, space, medicine & electronics sectors: Kishan Reddy
Hyderabad: Union Minister for Coal and Mines G Kishan Reddy praised the Non-Ferrous Material Technology Development Centre (NFTDC) for its critical contributions to national defense, electronics, electric vehicles (EVs), medicine, space exploration, and other areas by continually advancing technology to meet evolving demands. During his visit to the NFTDC on Thursday, the Union Minister inquired about the ongoing experiments at the centre and later participated in a review meeting with officials. Kishan Reddy acknowledged the guidance received by the organization from distinguished figures, including Dr. APJ Abdul Kalam, the Missile Man of India and former President, along with renowned scientists such as B.K. Rava, Dr. P. Rama Rao, and Dr. V. Arunachalam. He highlighted that the specialized materials required for major projects such as Chandrayaan, Mangalyaan, and Gaganyaan, under the Indian Space Research Organisation (ISRO), were sourced from this center using advanced technology. Highlighting the importance of NFTDC in light of the central government's focus on the National Critical Minerals Mission, he indicated that the center will play a crucial role in the recycling and processing of minerals. The Union Minister praised NFTDC for its initiative to develop technology and partner with the private sector to promote further advancements in the field. He advised the officials that if they faced any challenges in their efforts, he would bring those issues to the Prime Minister's attention. In a time characterized by uncertainty in global supply chains for critical minerals, the efforts of NFTDC are steering India toward self-reliance in this sector. Kishan Reddy expressed his aspiration for the institute to become a global hub for advanced magnets and strategic materials technologies.
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Business Standard
20-06-2025
- Business
- Business Standard
Schemes planned at various levels to promote permanent magnet manufacturing
The ministries of mines, heavy industries, and electronics are developing policies at various levels to promote the manufacturing of permanent magnets domestically, in response to global supply chain issues exacerbated by China, two people said. The schemes could be under the National Critical Minerals Mission (NCMM), announced in January. An inter-ministerial meeting regarding rare earth and critical minerals was held on June 17. Key ministries involved included the Ministry of Coal and Mines, the Ministry of Atomic Energy, the Ministry of Heavy Industries, and the Ministry of Commerce, all aiming to secure a supply chain for the electronics industry, energy, and national security. While the Ministries of Heavy Industries and Electronics advocate for the local manufacture of magnets for their sectors, the Ministry of Mines is focused on ensuring mineral security for rare earth elements. 'The mining ministry is evaluating critical minerals on various levels-- assessing skillsets, acquiring mining assets or blocks, and discussing recycling options for critical mineral-bearing scrap, including magnets. The ministries of heavy industries and electronics are also addressing magnet manufacturing for their respective sectors. The scale of these schemes could range from ₹3,000 crore to ₹5,000 crore, but concrete plans have yet to be established,' said an industry executive. Discussions among the ministries began even before China imposed restrictions on the export of rare earth magnets on April 4. Consultations within the ministry of heavy industries have taken place, with more scheduled in the coming weeks. In the latest discussions, the government sought input from industry bodies and requested written concept notes, the executive said. Queries sent to the above-mentioned ministries' secretaries and spokespersons remained unanswered till the press time. China's restrictions on the export of seven heavy and medium rare earth magnets have brought difficulties to automakers and high-tech manufacturers worldwide, including those in India. 'The government is also considering involving private companies in the development of technologies. This effort includes collaborating with recyclers as well as major mining companies like Vedanta, JSW, and Tata Steel. Some funding will be available to these entities through the NCMM,' a senior government official said. The Mines Secretary previously revealed plans for a ₹1,500 crore incentive scheme to recycle critical minerals such as neodymium (a rare-earth element), copper, lithium, nickel, and cobalt, which will be part of the NCMM. To address challenges in exploration, the Geological Survey of India (GSI) proposed extending training to individuals to facilitate exploration efforts. 'Exploration is the starting point, followed by recycling, creating a circular economy, and mining secondary deposits, like tailings. GSI is not the only organisation involved; anyone interested can participate,' the government official added. Permanent magnets are essential for various applications, including electric vehicle motors, wind turbine generators, and industrial devices that demand heat resistance and durability. A third government official from the IT Ministry indicated that they are providing input to the Ministry of Heavy Industries and the Ministry of Mines to help shape policies that enhance domestic production and mining of rare earth elements. Many of these rare earth magnets are recycled for use in electronic components and devices. Additionally, the government is in talks with countries like Australia and Russia to explore alternative supply chains for rare earth magnets, according to the official. Experts and analysts suggest that the proposed scheme must be designed to ensure industry competitiveness, enabling widespread production of the necessary products. It is also vital to consider next-generation technologies, providing incentives for innovations that may not yet be commercially viable. Allocating a budget for these future technologies will encourage entrepreneurs, academia, and researchers to explore new possibilities. Lastly, the government and industry need to collaborate in securing raw materials necessary for production. Some resources may be sourced locally, while others may need to be imported. For example, India possesses certain rare earth deposits such as neodymium and praseodymium but lacks dysprosium (DY) and terbium (TB). Without these two elements, it is challenging to produce high-quality magnets, necessitating imports for DY and TB.
