1 / 5

Faster mining nods key to meet '30 aluminium goals'

The aluminium vision document released last week aims for India to achieve 50 million tonnes per annum (MTPA) bauxite production by FY30 and 150 MTPA by FY47. This is the first time India has put out a comprehensive target.

vedantaupdate
Download Presentation

Faster mining nods key to meet '30 aluminium goals'

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FASTER MINING NODS KEY TO MEET '30 ALUMINI UM GOALS'

  2. INTRODUCTION The aluminium vision document released last week aims for India to achieve 50 million tonnes per annum (MTPA) bauxite production by FY30 and 150 MTPA by FY47. This is the first time India has put out a comprehensive target.

  3. Having domestic availability of critical raw material like bauxite will be essential to ensure we meet this requirement, else it may act as a bottleneck," said Rajiv Kumar, CEO, Vedanta Aluminium. According to Kumar, achieving these goals require accelerated expansion of mines to significantly scale up mining operations across resource- rich states like Odisha, Chhattisgarh and Andhra Pradesh.

  4. "Bauxiteblockswhichare under exploration/development stagemustbecatalysed throughstreamlined clearances,"hesaid,adding thatdespite4.9billiontonnes (BnT)inresources,only13%is inthereservecategory. in the reserve category. "Bauxite blocks which are under exploration/development stage must be catalysed through streamlined clearances," he said, adding that despite 4.9 billion tonnes (BnT) in resources, only 13% is

  5. Final Words The vision projects an accelerated exploration programme for proving 4.9 BnT of resources and 1 BnT of incremental proven reserves by FY30. Kumar insists a mission-mode task force must drive exploration. Sector watchers say reforms like the composite licence are promising, but they need to be backed by consistent policies and investor confidence. https://economictimes.indiatimes.com /industry/indl-goods/svs/metals- mining/faster-mining-nods-key-to- meet-30-aluminium- goals/articleshow/122423291.cms? from=mdr Read more :-

More Related