India auctioned 354 mineral blocks in 9 years, working to securing vital minerals by way of worldwide partnerships: Pralhad Joshi

India has auctioned 354 mineral blocks in 9 years, out of which 70 per cent had been auctioned within the final three years, Union Mines Minister, Pralhad Joshi mentioned on Tuesday. 

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In a submit on X (previously Twitter), the Minister mentioned, the nation has additionally launched its first ever vital mineral listing and is ‘following it up by launching auctions on vital mineral blocks’. 

“The mineral mining sector has been on the forefront of India’s financial progress ….making it a driver of India’s economic system,” he wrote including: “We’re securing provides of vital minerals by way of worldwide partnerships, whereas concurrently constructing home capacities.”

NALCO’s finest yr 

The Minister additionally highlighted NALCO’s (Nationwide Aluminium Firm Ltd) FY24’s bauxite excavation variety of 76 lakh tonnes. That is the CPSE’s highest excavation since inception. 

“Furthermore, the corporate’s smelter Plant achieved highest-ever forged metallic manufacturing of 4.6 lakh tonne,” Joshi wrote.

The CPSE’s metallic sale for the fiscal stood at 4,70,108 tonne. The corporate has additionally added a brand new aluminium alloy ingot to its product vary.

NALCO has additionally achieved a 101.15 per cent capability utilisation and its alumina refinery has produced 21,24,000 tonnes of alumina hydrate. 

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Throughout the fiscal, NALCO additionally developed & operationalised its Utkal D coal block and has additionally produced two million tonnes of coal.