Addressing the national seminar on challenges and opportunities in the mines and minerals sector organised by the Mining, Geological, Metallurgical Institute of India, Reddy said that the government has brought about a paradigm change in the coal and minerals sector, making it transparent and competitive.
He elaborated on the government's extensive efforts over the past decade to harness this potential through initiatives such as the introduction of a commercial auction regime for coal and mineral blocks and encouraging private sector partnership. Critical minerals, such as cobalt, copper, lithium, nickel and rare earths, play a crucial role in the production of clean energy technologies, from wind turbines to electric cars.
Such minerals are in demand for the production of batteries for electric cars. The government has successfully auctioned 14 critical mineral mines.
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