Mining News

Some of the industry representatives MintGenie spoke to believe that bitcoin is set to play a big role in the finance industry in the near future.

The US Securities and Exchange Commission's (SEC) decision on a Bitcoin ETF was overshadowed by a cybersecurity incident, as the SEC's Twitter account was compromised and a fake post claiming approval for the ETF caused a brief surge in Bitcoin's price.

Parliament This Week Passed Two Crucial Pieces Of Legislation That Will Unlock Enormous Mining Prospects For The Private Sector. One Of These Legislations Will Allow The Extraction Of Critical Minerals, Including Lithium, A Key Component In The Manufacture Of Batteries For Electric Vehicles. The Second Will Authorize The Extraction Of Minerals From The Expansive Coastal Regions Of The Country.

India is aiming for nothing less than self-reliance when it comes to meeting its coal needs. Recently, Union Minister of Coal & Mines Pralhad Joshi informed the parliament about the uptick in production through a written response. Coal is used extensively for electricity generation in India and a lot of this coal is imported. But last year a noticeable decline was observed in coal imports by the power sector between April 2023 – June 2023 the imports dropped from 16.36 million tonnes in the corresponding period the previous year to 14.21 million tonnes

The discovery of lithium deposits in Kashmir has given India’s semiconductor dreams hope. But to realise this dream India needs to invest massively in putting the mining infrastructure in place for critical minerals And even more, money to continue the exploration. If the government decides to go alone billions upon billions of dollars will be tied up in the process. Money which can be used elsewhere. To address it, the government decided to introduce reforms and on Friday, the Lok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill The bill will enable private companies to mine critical minerals like lithium. Something that was earlier limited to state-owned companies.

India's Union Cabinet has approved amendments to allow commercial mining of critical minerals like lithium, beryllium, and titanium, among others. This move aims to boost India's manufacturing sector, reduce import dependence, and support the growing demand for these minerals in electric vehicles, batteries, and other industries. Learn how this transformation could impact India's EV industry and drive the country's exploration of deep-seated and critical minerals. Stay tuned for more insights into India's self-reliance journey in the mining sector.

Unearth the transformative power of a recent discovery that could dramatically reshape India's Electric Vehicle market and push the country closer to energy independence. Larger lithium reserves, now discovered in Rajasthan's Degana region, have the potential to meet about 80% of India's lithium demand. This element is essential for EV batteries and the country's ambitious goal of 30% EV adoption by 2030. These significant findings, coupled with the first major mineral discovery in India's Jammu and Kashmir, were possible due to the Mines Ministry's renewed focus on rare earths.

Bitcoin dropped back below the closely watched $30,000 level amid a wider retreat in cryptocurrencies, as stubbornly high UK inflation fanned fears of higher-for-longer interest rates.

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Lithium discovery in India