Coking Coal Declared a Critical and Strategic Mineral by Indian Government
The Government of India has notified coking coal as a Critical and Strategic Mineral under the Mines and Minerals (Development and Regulation) Act, 1957. This move, aligned with the goals of Aatmanirbhar Bharat and Viksit Bharat 2047, aims to enhance mineral security and support the domestic steel sector. Despite having substantial coking coal reserves, India remains heavily reliant on imports, which fulfill 95% of the steel sector's demand. By categorizing coking coal as a strategic resource, the government seeks to streamline mining processes, encourage private investment, and reduce the nation's import dependence on coking coal.
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