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India plans to operationalise up to 60 mines in FY27
India is set to launch 50 to 60 new mines this fiscal year, building on the 36 operationalized in the previous year. The government is also fast-tracking bids for lithium and nickel processing units within three months. Significant progress is being made in critical mineral extraction and exploration projects, with targets expected to be met ahead of schedule. The private sector is also actively participating in exploration.
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.
India poised for critical mineral breakthrough within a year, says Minister G Kishan Reddy
India is poised for major advancements in critical minerals in the coming year. A unified government strategy is accelerating resource security. New mining blocks are being identified and auctioned. International partnerships, including with the US, are strengthening. Overseas mineral assets are being secured. Processing plants are being established across the country.
India To Set Up 4 Critical Mineral Processing Plants In Odisha, Gujarat, Telangana, Maharashtra
Reddy said the government has also signed multiple memorandums of understanding with various countries to strengthen international cooperation and secure supply chains for critical minerals.
Tailift Group introduces intelligent sheet metal processing solutions to the Indian market
Tailift Group has established TLF INDIA MACHINERY SOLUTIONS PRIVATE LIMITED as its Indian sales and service center, enhancing local support for its metal sheet processing equipment. This strategic move, backed by over 50 years of experience and a global network, aims to bolster Tailift's presence and offer advanced smart manufacturing solutions to the Indian market.
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.