New Delhi, May 9 (IANS) The mining industry of India has potential to contribute an additional $500 billion to the economy and generate nearly 25 million new jobs by 2047, provided the industry adopts advanced technologies and sustainable mining practices, a report has said.The joint report by Deloitte and the Indian Chamber of Commerce (ICC) said that the nation’s mining ecosystem is entering a major transformation phase as demand for minerals rises due to rapid infrastructure development, clea…
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New Delhi, April 26 (IANS) The Pakistan government and its military chief, Field Marshal Asim Munir, have, as part of their propaganda campaign to woo the US, been presenting the country’s mineral wealth as a source of unlimited riches ready to be reaped at short notice, but the ground realities are far more complex.The official yearbook of Pakistan’s Ministry of Energy has long catalogued copper, gold, coal, iron ore, chromite, limestone, marble, gypsum, and gemstones as part of the country…
Washington, March 25 (IANS) Top American lawmakers and experts have warned that the country’s heavy reliance on foreign critical minerals, especially those from China, poses a direct threat to national security, and called for urgent steps to build resilient domestic supply chains.At a House subcommittee hearing on Wednesday, Congressman Paul Gosar said the “very security of our nation relies heavily on a steady input” of minerals essential for defence systems, electronics and advanced techn…
New Delhi, March 12 (IANS) While the Donald Trump administration has announced plans for funding mining projects in the resource-rich but restive Balochistan province of Pakistan, the US cannot ignore the fact that security will be a major issue if it has to go through with the investment in the strife-torn region.“The potential of minerals in Pakistan can be immense, yet mineral wealth does not drift. It needs roads, electric power, usury, environmental permits and above all some semblance of…
New Delhi, Feb 7 (IANS) The Donald Trump administration has unveiled ‘Project Vault,’ a $12 billion critical mineral reserve building exercise to challenge China’s dominance, which includes a $1.3 billion investment in Reko Diq mines in Balochistan.This is the only international project financed under the initiative, operated under the Export-Import Bank (EXIM).Reko Diq contains some of the world’s largest untapped copper and gold deposits. As per industry estimates, the site’s reserve…