JAMMU & KASHMIR LITHIUM
Jammu and Kashmir lithium block gets no bids in second attempt
India's Jammu and Kashmir failed to attract bids in its second attempt to auction mining rights for newly discovered lithium reserves, estimated at 5.9 million metric tons. The block may now be assigned to a government agency for further exploration. This comes amid India's strategic focus on securing critical minerals for electric vehicle batteries.
Maiki South Mining secures India's first Lithium and REE blocks of Chhattisgarh with FPO of 76.05%
On Monday, Union Minister G Kishan Reddy granted the first Lithium block, Katghora, and the Rare Earth Element (REE) Block of Chhattisgarh to Maiki South Mining Private Limited, with a Final Percentage Ownership (FPO) of 76.05%. India currently depends significantly on imports to fulfill its demand for crucial minerals such as Lithium, Niobium, and Rare Earth Elements (REE). These minerals are essential for emerging technologies like electric vehicles, pharmaceuticals, and defense manufacturing.
No benefits likely from 38 critical blocks put on sale in this decade: Icra
Icra reported that benefits from the 38 critical mineral blocks on sale may not materialize by 2030 due to incomplete exploration. India's downstream manufacturing could face supply shocks. The government is auctioning lithium blocks in J&K and Chhattisgarh, with challenges in extracting lithium from clay deposits. Overseas acquisitions are also being considered.
India seeks overseas help for lithium processing to avoid relying on China
India is engaging in discussions with various countries to seek technical assistance for lithium processing, aiming to bolster its emerging lithium mining and electric vehicle industries and reduce dependence on China. The Ministry of Mines initiated talks with Australia and the US last year, along with private companies reaching out to Bolivia, Britain, Japan, and South Korea
J-K's lithium reserves will be 'plundered', 'gifted' to companies by BJP govt: Mehbooba Mufti
PDP president Mehbooba Mufti accused the government of gifting Jammu and Kashmir's lithium reserves to companies who will donate proceeds to the ruling party. She criticized the BJP's alleged nexus with capitalists, linking it to the neglect of Ladakhi demands for constitutional inclusion.
India to auction Jammu and Kashmir lithium blocks again after weak 1st round
The Central government plans to re-auction the lithium reserves in Jammu and Kashmir as part of the third tranche, according to a government source. The decision comes after receiving only two bids in the initial round of auctions.
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India looking at Africa for critical minerals, says mines secretary
India is exploring Africa for minerals like cobalt and engaging with Australia for lithium blocks. V L Kantha Rao, Mines Secretary, highlighted the country's interest in Zambia, Namibia, Congo, Ghana, and Mozambique for critical minerals. The rules for auctioning offshore mineral blocks are being prepared, with 10 blocks set for sale after the elections. The first round of auction for critical minerals will soon conclude, while a lithium block in Jammu and Kashmir will be auctioned in the third tranche due to low bids.
Seven critical mineral blocks up for re-bids
"Blocks which are notified under this tranche are those blocks which have received less than three bids in first tranche," an official statement calling this the third round of bids said. The seven blocks being put up for reauction are under composite license regime which requires further exploration before extraction operations.
India faces uphill battle in Lithium mining and exploration
Ritabrata Ghosh, Vice President - Corporate Ratings & Sector Head at ICRA, emphasizes that China currently dominates 65% of the lithium processing/ refining industry, an area where India lacks a foothold.
Coal India plans to enter into mining of critical minerals, including lithium
Coal India Ltd (CIL) is planning to venture into mining critical minerals, including lithium, to support India's energy security plans and achieve net-zero goals. CIL will obtain a block from the government for exploration, and if lithium reserves are confirmed, mining operations will proceed.
India to pump in about Rs 200 cr to explore, develop five lithium blocks in Argentia: Govt
"The project will help India strengthen lithium supplies, while developing lithium mining and downstream sectors of both the countries," mines minister Pralhad Joshi said in a post on X. India, among the world's top greenhouse gas emitters, has been pursuing overseas pacts to secure key minerals in resource-rich countries such as Australia, Argentina and Chile.
Stone pelting thing of past, infrastructure projects will change face of J-K: Jitendra Singh
Union Minister Jitendra Singh stated that stone-pelting incidents in Jammu and Kashmir are a "thing of the past," and various infrastructure projects will transform the region. Speaking to around 250 school children from Jammu and Kashmir on a visit to Delhi, he highlighted the transformation of the region under Prime Minister Narendra Modi's leadership.
Govt to take serious note of any report about dumping of lithium-ion battery waste: Nitin Gadkari
India's Road Transport and Highways Minister, Nitin Gadkari, has pledged to address the environmental impact of lithium-ion battery waste dumping. The issue was raised by Congress member Ranjeet Ranjan during a Rajya Sabha question. Ranjan claimed that a research report highlighted the negative effects on workers involved in lithium-ion battery manufacturing and the environmental impact of dumping the batteries after their life cycle.
Shree Cement plans to bid in India's lithium auction: source
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 calls bids to auction critical minerals worth Rs 45,000 crore
India has initiated the auction of critical and strategic mineral-bearing mines worth Rs 45,000 crore. The first round of bids includes 20 blocks and will run until February 20, 2024. Mines Minister Prahlad Joshi stated that 100 blocks of critical and strategic minerals have been identified for phased bidding.
India to launch first-ever auction of critical mineral blocks, including world's new fuel, from Nov 29
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.
India to invite bids for 20 critical minerals, including lithium, in 2 weeks: Official
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.
We anticipate to have 60-70 pc share of electric two-wheelers on road by 2030: Heavy Industries Secy
The Indian heavy industries ministry is hopeful that 60-70% of two-wheelers on the road will be electric in the future, reflecting the public's active adoption of electric vehicles (EVs). The ministry aims to sell 12 lakh scooters this year and expects 60-70% of electric two-wheelers and 70-75% of electric three-wheelers by 2030. The government has provided constant support for the growth of EVs in the country, and the production-linked incentive scheme in battery development will help reduce India's dependence on imports. EVs in India have grown from 0.13% in 2019-20 to 4.3% currently.
Is India's infrastructure ready to be electrified?
India is experiencing a significant growth in electric vehicle (EV) sales, with a 112% year-on-year increase in EV sales from April to September 2023. However, the country's lack of public charging infrastructure poses a challenge to the widespread adoption of EVs. India needs a minimum of 1.32 million charging stations by 2030 to meet the demand for EVs. Additionally, recycling EV batteries is crucial to extract valuable resources and reduce manufacturing costs. Companies like Log9, Tata Chemicals, and Attero Recycling are involved in lithium-ion battery recycling. The Indian government has also released draft regulations and provides export-driving schemes to promote battery recycling.
Jammu and Kashmir lithium reserves pique overseas interest
The federally administered region of Jammu and Kashmir in India is planning to auction its lithium reserves in the coming weeks, according to a government source. This move comes as India seeks to secure supplies of lithium, a vital component for electric vehicle batteries. Discussions with the Chilean government were also underway to secure lithium block.
Normalcy in Jammu and Kashmir post-Article 370 abrogation: Myth or reality?
Four years after the abrogation of Article 370, Kashmiris were able to freely attend the flag-hoisting ceremony on Independence Day. However, peace and complete normalcy in the region still seem far off. The major challenges facing Jammu and Kashmir include drugs, terrorism, targeted killings, and unemployment. The government has taken measures to improve the situation, such as empowering people through portals like Jan Bhagidari and implementing time-bound delivery of projects.
India to launch Gaganyaan mission by end of 2023 or 2024: Jitendra Singh
India plans to launch an unmanned mission and send a female robot in the first and second missions, respectively, preceding the Gaganyaan human space-flight programme by the end of 2023 or in 2024, Union Minister Jitendra Singh said on Thursday. He unveiled the country's ambitious space project's timeline during a media interaction.
Anand Mahindra on what India needs to do to utilise lithium reserves found in Rajasthan
Leading industrialist Anand Mahindra on Tuesday hailed the discovery of lithium reserves in Rajasthan and called for quickly stepping up to install refining capacity of the crucial mineral in the country. In a tweet, he noted that China already has a lead when it comes to refining capacity.
India to auction J&K lithium reserves this year
India is expected to auction the lithium blocks in the northern federal territory of Jammu and Kashmir later this year, news agency Reuters reported federal mining secretary Vivek Bharadwaj told as saying on Tuesday. Earlier in February, the Union Government said that 5.9 million tonnes of lithium reserves have been found for the first time in the country in Jammu and Kashmir.
Jammu & Kashmir government in process to auction lithium reserves; no timeline yet
Lithium is a non-ferrous metal and is one of the key components in EV batteries.
India to auction newly found lithium reserve
"The exploitation of lithium will depend upon successful auction of the mineral block," minister Pralhad Joshi said, adding the timeline for an auction would be decided by India's northern federal territory Jammu and Kashmir authorities. The block, with estimated reserves of 5.9 million tonnes, is the first known lithium reserve in the country.
Lithium: A welcome energy lodestone
The J&K resource is the second find. In 2021, preliminary surveys on surface and limited sub-surface by the Atomic Minerals Directorate for Exploration and Research identified about 1,600 tonnes of lithium resources in Karnataka.
Lithium deposits found in J&K: Is India's EV drive now set to take the fast lane?
India announced that 5.9 million tonnes of lithium reserves have been found for the first time in the country in Jammu and Kashmir. Lithium is a non-ferrous metal and is one of the key components in EV batteries. As the world moves away from gasoline-fueled combustion engines, demand for lithium, nickel, cobalt and other metals that go into lithium-ion batteries is soaring.
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