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Govt publishes rules for setting up coal exchanges to boost transparency
The government on Tuesday said it has published rules for setting up coal exchanges, a move aimed at bringing transparency and efficiency to the country's coal trading ecosystem and modernising the supply chain. Coal exchanges are expected to enable transparent, market-driven price discovery, boost efficiency and give coal producers - including commercial and captive miners - easier access to a wider pool of buyers. Public sector players can also use the platform to increase market participation. "The recently enacted Mines and Minerals (Development and Regulation) Amendment Act, 2025 introduced the concept of a mineral exchange and empowered the central government to promote transparent and efficient trading of minerals, including coal and its processed forms. In pursuance of the above, the Coal Exchange Rules, 2026 have been published by the Ministry of Coal in the Official Gazette on June 4," the coal ministry said in a statement. The ministry has already designated the Coal ...
Introduction of Coal Exchanges marks a paradigm shift in coal marketing, says Ministry of Coal
Ministry of Coal has stated that the introduction of Coal Exchanges marks a paradigm shift in coal marketing by moving from the traditional "one-to-many" sales model to a competitive "many-to-many" trading platform. In a significant step towards modernizing India's coal supply chain, the Government has paved the way for the establishment of Coal Exchanges in the country. The recently enacted Mines and Minerals (Development and Regulation) Amendment Act, 2025 introduced the concept of a Mineral Exchange and empowered the Central Government to promote transparent and efficient trading of minerals, including coal and its processed forms. In pursuance of the above, the Coal Exchange Rules, 2026 have been published by Ministry of Coal in the Official Gazette on 04.06.2026.
India, Russia deepen rare earths ties amid Quad critical minerals push
India and Russia are joining forces for rare earth extraction and processing. Agreements have been signed for joint research and development. This collaboration aims to produce high-purity metals and compounds. It also includes developing technologies for permanent magnets.
GMDC shares rise over 4% after India joins US' AI initiative Pax Silica
Gujarat Mineral Development Corporation (GMDC) shares rose 4.4% after India joined the US-led Pax Silica initiative focused on AI and supply chain security. This partnership, aimed at bolstering economic and national security, follows India's participation in critical minerals discussions. GMDC's stock has seen significant gains over the past year, driven by rare earth potential, despite recent mixed financial results.
India and Brazil plot a critical minerals and AI alliance amid a fragile world order
India and Brazil are set to boost collaboration on critical minerals and artificial intelligence. President Lula da Silva will meet Prime Minister Modi to discuss a framework agreement. Both nations aim to process minerals and advocate for inclusive AI development. This partnership strengthens emerging economies' influence in shaping global technology and supply chains.