India expands scope of key critical mineral classification to boost high-tech applications

February 22, 2025

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The Ministry of Mines has classified barytes, flespar, mica and quartz as “major minerals”, a move that will extend existing extraction contracts by 50 years and now allows them to be mined for crucial science and technology applications.

The Ministry of Mines made the classification based on the recommendation of an inter-ministerial committee on mines and minerals, chaired by NITI Aayog member Dr VK Saraswat. The ministry has clarified that the reclassification of these minerals will not adversely affect the duration of existing leases, and revenue…

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India expands scope of key critical mineral classification to boost high-tech applications

February 22, 2025

, By admin

critical-minerals-2025-01-9d3ebfb8952ddef74c7fd55fc31ad909.jpg

The Ministry of Mines has classified barytes, flespar, mica and quartz as “major minerals”, a move that will extend existing extraction contracts by 50 years and now allows them to be mined for crucial science and technology applications.

The Ministry of Mines made the classification based on the recommendation of an inter-ministerial committee on mines and minerals, chaired by NITI Aayog member Dr VK Saraswat. The ministry has clarified that the reclassification of these minerals will not adversely affect the duration of existing leases, and revenue…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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