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Shree Cement: A source with direct knowledge of the matter told Reuters the company would apply for the rights to lithium mining blocks in Jammu and Kashmir, the federally administered region where an estimated 5.9 million tonnes of deposits were found in February.
A source with direct knowledge of the matter told Reuters the company would apply for the rights to lithium mining blocks in Jammu and Kashmir, the federally administered region where an estimated 5.9 million tonnes of deposits were found in February.
India is set to launch its first-ever auction of 20 critical mineral blocks on November 29. This initiative aims not only to bolster economic growth but also secure essential resources for driving the nation's green energy shift. The online auction will use a transparent two-stage ascending forward process, selecting bidders based on their quoted mineral values.
Last month, the Centre had approved royalty rates of three per cent each for lithium and niobium and one per cent for Rare Earth Elements (REEs).
India plans to invite bids within two weeks for 20 crucial mineral blocks, encompassing minerals like lithium and graphite, aiming to bolster domestic resources for the green energy shift. State-run enterprises have been actively scouting the globe in search of these valuable mineral resources.