Mining Sector

India is set to expand its domestic mineral output as a new gold mining project in Andhra Pradesh prepares to begin production. This development marks a significant step toward reducing the nation’s reliance on imported gold, which has long contributed to the country’s current account deficit. The project, which involves substantial investment in infrastructure and extraction technology, is expected to generate local employment opportunities, stimulate regional development, and support the broader objective of resource self-sufficiency.

India’s mining industry is calling for policy reforms to boost competitiveness, with the Federation of Indian Mineral Industries (FIMI) urging the government to abolish export duties on low-grade iron ore. According to the industry body, the current duty structure not only undermines the viability of exports but also hampers the utilization of mineral resources that have limited demand domestically. Removing such barriers, FIMI argues, would stimulate international trade, enhance revenue streams, and align India’s mineral policies with global market realities.

Vedanta Ltd has submitted a significant upfront bid of Rs 4,000 crore to acquire select assets of Jaiprakash Associates Ltd, signaling a strategic push to expand its footprint in the infrastructure and natural resources sectors. The offer forms part of a larger transaction aimed at debt resolution and operational consolidation for Jaiprakash, which has been navigating financial stress in recent years. Vedanta’s move is seen as a calculated investment to leverage synergies across mining, cement, and power operations, while strengthening its position in key regional markets.

The Government of India has launched a Rs. 1,500 crore scheme aimed at expanding the recycling ecosystem for critical minerals, a move designed to reduce import dependence, bolster supply chain resilience, and support the country’s clean energy transition. Focused on lithium, cobalt, nickel, and rare earth elements, the initiative underscores the strategic importance of resource security in an era of rising demand for batteries, electronics, and renewable technologies.

Piyush Goyal has been appointed as the new Secretary of the Ministry of Mines, a key role in shaping India’s mineral exploration and mining policy. His appointment comes at a time when the government is prioritizing sustainable mining, domestic resource utilization, and investment in critical minerals to boost industrial growth. Goyal brings extensive administrative experience and strategic insight, expected to strengthen regulatory frameworks, streamline approvals, and encourage private sector participation.

India has approved a Rs. 1,500 crore program aimed at recycling critical minerals, a strategic move designed to strengthen supply security for industries dependent on scarce raw materials. The plan underscores New Delhi’s growing recognition of mineral recycling as an essential pillar of sustainable development and economic resilience. By reducing import reliance and addressing environmental concerns linked to traditional mining, the initiative is expected to advance India’s green energy transition, support emerging technologies, and attract private sector participation.

MiniMines, a clean-tech startup specializing in mineral recovery and circular economy solutions, has secured multiple grants to accelerate its research and development in mineral recycling technologies. The financial support is expected to bolster the company’s efforts to scale up innovative processes aimed at reducing India’s dependence on imported raw materials.

Chhattisgarh, a state already recognized for its mineral-rich reserves, has announced the discovery of new deposits that could significantly boost industrial activity and economic growth. The fresh finds are expected to enhance the state’s position as a critical contributor to India’s resource base, offering opportunities for investment in mining, steelmaking, and allied industries. Beyond revenue generation, the discovery is anticipated to create jobs, strengthen local infrastructure, and stimulate regional development.

Singareni Collieries Company Limited (SCCL) has been granted an exploration license for gold and copper mining, marking a significant step in India’s strategic resource development. The license enables the company to conduct detailed surveys and feasibility studies to assess commercial viability. Analysts highlight that tapping into these mineral resources can enhance domestic supply, reduce import dependency, and strengthen the company’s growth portfolio. The initiative aligns with India’s broader objective of increasing mineral self-sufficiency while fostering industrial development.

In a strategic push toward decarbonizing its logistics operations, Hindustan Zinc has announced the deployment of electric vehicles (EVs) and liquefied natural gas (LNG)-powered trucks across its value chain. This initiative marks a major step in the company's broader sustainability roadmap aimed at reducing carbon emissions and aligning with India's energy transition goals. By integrating cleaner fuels into its supply chain, the mining giant is positioning itself as a leader in sustainable logistics within the metals and mining industry.