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THE ECONOMIC TIMES INDIA NETZERO FORUM 2023


AS THE GLOBAL COMMUNITY GRAPPLES WITH THE ESCALATING THREAT OF CLIMATE CHANGE,
THE CONCEPT OF ACHIEVING NET ZERO EMISSIONS HAS REACHED UNPRECEDENTED HEIGHTS.

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CABINET CLEARS AMENDMENT TO MMDR ACT TO ALLOW PRIVATE ENTITIES IN LITHIUM MINING

Sources aware of developments said that out of the list of critical minerals, a
few of them have been brought under the proposed amendment, which will allow
their mining by the private entities.

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 * IANS

 * Updated On Jul 13, 2023 at 07:47 AM IST
   

Read by: 100 Industry Professionals
Read by 100 Industry Professionals
New Delhi: The Union Cabinet on Wednesday is learnt to have cleared the
Amendment of the Mines and Minerals (Development and Regulation) Act 1957, which
will allow the private sector to bid for mining critical minerals like lithium.

Sources aware of developments said that out of the list of critical minerals, a
few of them have been brought under the proposed amendment, which will allow
their mining by the private entities.

In addition to this, the proposed amendment will also allow the Central
government to auction these minerals while the royalty will go to states. The
government is bullish on procuring critical minerals, especially lithium, which
is useful for batteries, especially for electric vehicles.


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Lithium is the lightest metal and the least dense solid element. The element's
high electrochemical potential makes it a valuable component of high
energy-density rechargeable lithium-ion batteries.
 * IANS

   
 * Published On Jul 13, 2023 at 07:45 AM IST
   


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