Minerals Current Affairs - 2020

Fourth Tranche of Atma Nirbhar Bharat Abhiyan announced

On May 16, 2020, Finance Minister Nirmala Sitaraman announced the fourth tranche of Atma Nirbhar Bharat Abhiyan. The scheme allocated Rs 20 lakh crores to help people during Lock Down 4.0. Highlights The Government of India is to bring upon policy reforms in eight sectors. This includes coal, minerals, defence production, civil aviation (air space Read More…

India’s first titanium project starts test production in Odisha

The first titanium project of India has started its test production Ganjam district of Odisha. The project has been established by Saraf Group. This is first of its kind titanium plant and the only one in the country. During the test run, one of its four furnaces became functional. Key Facts After inception, this plant Read More…

Union Cabinet approves extension of contract with ISA for exploration of Polymetallic Nodules

The Union Cabinet has approved the extension of contract with and International Seabed Authority (ISA) for exploration of Polymetallic Nodules (PMS). The contract is between Union Ministry of Earth Sciences and ISA. It has been extended for a further period of 5 years (2017-22) as the earlier contract is expiring in March 2017. What are Read More…

Union Cabinet approves signing of contract for Exploration of Poly metallic Sulphides

The Union Cabinet has given its approval for signing of 15 years contract for undertaking exploration and other developmental activities related to Poly-Metallic Sulphides (PMS). The contract was approved between the Union Ministry of Earth Sciences and the International Seabed Authority (ISA). The exploration and other developmental activities has been allotted in the area of Read More…

Union Cabinet approves India’s Membership of the International Continental Scientific Drilling Program

The Union Cabinet has given its approval for India’s membership of the International Continental Scientific Drilling Program (ICDP) consortium. In this regard, Union Government has signed a MoU with the Helmholtz Centre Potsdam GFZ German Research Centre for geosciences. The MoU will enable India To get engaged with internationally renowned experts with profound expertise in Read More…