Business Blog: Govt to start critical mineral blocks auction process this year

Wednesday, August 30, 2023

Govt to start critical mineral blocks auction process this year

India is planning to auction around 100 critical mineral blocks within the next four months in order to secure domestic supplies for the green energy transition. The blocks contain minerals such as nickel, lithium, cobalt, platinum, and rare earths. The government aims to incentivize global and local miners by reimbursing half the cost of exploration.

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