7 months ago
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Foraying further into the captious minerals space, state-run Coal India informed Monday that it has executed a memorandum of knowing with Chhattisgarh Mineral Development Corporation (CMDC) for “exploration and exploitation” of captious minerals. The latest improvement is an summation to their strategy successful the cardinal Indian authorities wherein it had secured itself a graphite and vanadium pursuing auctions, this May.
Coal India had formally ventured into the captious minerals abstraction June past twelvemonth aft having emerged arsenic the “preferred bidder” for Khattali Chotti graphite artifact successful the Alirajpur territory of Madhya Pradesh. Additionally, the institution successful the past has entered aggregate non-binding exploration MoUs, including with Hindustan Copper and IREL (India).
The state-run ember shaper and explorer is among the varied exploration companies that person forayed into the abstraction successful the caller past. These include, Oil India, Steel Authority of India and ONGC Videsh, among others.
Imperative to note, until precocious this year, exploration of captious minerals has besides emerged arsenic a argumentation imperative successful New Delhi pursuing planetary headwinds triggered by U.S. President Donald Trump’s tariff authorities and China’s retaliatory actions blocking the export of captious minerals. Poignant to note, the International Energy Agency (IEA) had indicated successful their Global Critical Minerals Outlook (2025) astir India possessing “major untapped assets potential”
