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India in talks with Russia's Rosneft to tap Siberian rare earth reserves
India is collaborating with Russian oil giant Rosneft to explore Siberia's rare earth deposits, aiming to secure vital mineral supplies. These elements are crucial for electric vehicle motors and advanced electronics, areas where India currently depends on imports. Following past export disruptions, this partnership, initiated during the India-Russia summit, seeks to develop processing technologies and potentially produce essential rare-earth magnets.
South West Pinnacle bags Rs 307-cr exploration order
South West Pinnacle Exploration (SWPE) has secured a work order worth Rs 307 crore from Hind Metal Exploration Services (HMESPL), a wholly-owned subsidiary of Hindustan Zinc, for mineral exploration services in Rajasthan.