Context: The Union Cabinet approved royalty rates for lithium, niobium, and Rare Earth Elements (REEs). For lithium and niobium a royalty rate of 3% each has been fixed, while for Rare Earth Elements (REEs), the rate has been set at 1%. Strategic / Critical […]
What are critical minerals? Utility: Global distribution: Indian steps in this regard: What are rare Earth Elements? India has the 5th largest reservoir and recognised the importance of rare earth back in 1950 and started extracting rare minerals through the establishment of the Indian […]
Context: Government-owned engineering consultancy firm Engineers India (EIL) is studying the prospects and feasibility of developing salt cavern-based strategic oil reserves in Rajasthan, in line with the government’s objective of increasing the country’s strategic oil storage capacity. What are strategic petroleum reserves (SPR)? Locations […]
Context: The Indian Bureau of Mines (IBM) has recently flagged the issue of illegal transportation of manganese ore leading to massive loss of revenue in Odisha. About the news What is under–reporting? Responsibility to frame laws: Odisha’s Mineral Resources About Manganese:
About BARC B1201 What is a Certified Reference Material (CRM)? About National Aluminium Company Limited (NALCO) What is Bauxite? How bauxite is formed? Bauxite Used for Aluminum Production Production and reserves
About 5.9 Million Tonnes of Lithium Reserves have been discovered in the Union Territory of Jammu and Kashmir (First in India). It is discovered in the Salal-Haimana area of Reasi District. Lithium Distribution: Physical and Chemical properties of Lithium (atomic number 3) Uses and […]