New Delhi, April 14 (IANS) In a move to reduce wastage and promote utilisation of low-grade iron ore, the government has amended rules to revise pricing norms for such ore, the Ministry of Mines said on Tuesday.The amendment provides a framework for pricing iron ore with iron (Fe) content below the threshold level of 45 per cent, including Banded Haematite Quartzite (BHQ) and Banded Haematite Jasper (BHJ), it said.Under the revised rules, the average selling price (ASP) for iron ore, with 35 per…
Latest Ministry of Mines News & Updates
New Delhi, April 6 (IANS) The Ministry of Mines has notified the amendments to the Minerals Concession Rules aimed to increase exploration and production of critical minerals used in the production of electric vehicles, hi-tech electronic goods, and defence equipment, according to an official statement issued on Monday.The Minerals Concession Rules 2026, notified on March 30, provide the detailed mechanism for inclusion of contiguous area in the mining lease and composite licence of deep-seated …
Dehradun, April 5 (IANS) Uttarakhand has recorded a landmark surge in mining revenue, crossing the Rs 1,200 crore-mark for the first time, as the state government under Chief Minister Pushkar Singh Dhami attributes the growth to a mix of transparency, technological innovation and strict enforcement against illegal activities.According to official data, the state’s mining department generated Rs 1,217 crore in the financial year 2025–26, significantly surpassing the target of Rs 950 crore. The …
Mumbai, March 26 (IANS) India’s commercial drone industry had a market size of $1.88 billion (Rs 17,000 crore) in FY26, which is expected to grow at a compounded 17.98 per cent rate during FY25–29, a report showed on Thursday.Globally, the US leads the commercial drone industry, followed by China, with India currently ranked seventh, according to a research report by B2K Analytics.As per the report, drones can cut the cost of agrochemical spraying by nearly 80 per cent compared with manual s…
New Delhi, March 22 (IANS) G. Kishan Reddy will launch the seventh tranche of auction of critical and strategic mineral blocks on March 23, in a move aimed at strengthening India’s mineral security and supporting clean energy goals, Ministry of Mines said on Sunday. The launch will take place in the presence of Minister of State for Coal and Mines Satish Chandra Dubey.Critical minerals have become increasingly important for economic growth as well as for the transition to clean energy and adva…
New Delhi, March 19 (IANS) India’s mineral sector has achieved a significant milestone in the financial year 2025–26 with the successful auction of 200 mineral blocks, the highest ever in a single year, according to a statement issued by the Ministry of Mines on Thursday. The auctions covered a wide range of minerals. Limestone accounted for 76 blocks, making it the most auctioned mineral, followed by iron ore with 40 blocks. Bauxite accounted for 30 blocks, underscoring their importance for k…
New Delhi, Jan 21 (IANS) Secretary, Ministry of Mines, Piyush Goyal said on Wednesday that the Geological Survey of India (GSI) will step up exploration efforts for critical and strategic minerals by taking up about 300 projects in 2026-27.He directed the GSI to complete its active field season within a year, with the process of continuous rolling approvals of projects instead of annual approval, so that a prospective area can be explored as a whole.Addressing the meeting of the Central Geologic…
New Delhi, Jan 20 (IANS) The Geological Survey of India’s Central Geological Programming Board (CGPB) meeting will be convened here on January 21, to chart future geoscientific initiatives and deliberate on mineral exploration strategies, new initiatives in clean energy, geohazards, and sustainable development, the government said on Tuesday.The deliberations in the meeting will focus on the exploration of critical minerals such as lithium, graphite, vanadium, scandium, cesium, etc., aligned w…
New Delhi, Jan 11 (IANS) Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw, on Sunday arrived in the US to participate in the ‘Critical Minerals Ministerial Meeting’, scheduled to be held on Monday (US time).In a post on social media platform X, Vaishnaw said that “secure critical mineral supply chains are vital for our goal of Viksit Bharat.”“Arrived in Washington, D.C. Will participate in the Critical Minerals Ministerial Meeting tomorrow. Secure critical mineral s…
New Delhi, Jan 3 (IANS) Industrial metals including copper, aluminium and nickel have surged sharply, due to tightening supply and robust demand. Aluminium climbed past $3,000 a tonne mark for the first time in over three years, while copper traded near all-time highs surging beyond $12,000 per tonne mark.Many household appliance manufacturers struggled to absorb higher input costs which affected household budgets with copper‑intensive goods such as air‑conditioners, kitchen appliances, bath…