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Project: Ministers discussed critical minerals sector

Fiinews by Fiinews
February 6, 2025
in Projects
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India Saudi Mineral Meeting

India-Saudi Mineral Meeting on Critical Minerals held in New Delhi.

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GSITI to train geologists in Saudi Arabia, Africa and Central Asia

Coal & Mines Minister G. Kishan Reddy and Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef have held at meeting in New Delhi on strengthening cooperation in the critical minerals sector and exploring new avenues for investment and technological collaboration https://mim.gov.sa/en/.

A significant development during the discussion is related to the designation of Geological Survey of India Training Institute (GSITI) as a Centre of Excellence under the Future Minerals Forum. This initiative will facilitate specialized training programs for geologists from Saudi Arabia, Africa and Central Asia, contributing to capacity building in the global mining sector, the Coal and Mines Ministry said on 4 Feb.

Key points of the meeting included:

Resilient Mineral Supply Chains: Both leaders emphasized the need to establish reliable and secure mineral supply chains to reduce dependency on imports.

Investment in Value-Added Processing: Focus was laid on promoting joint ventures for processing critical minerals to support clean energy technologies.

Technological Collaboration: Discussions also explored cooperation in adopting advanced mining technologies and innovation for sustainable mineral exploration and extraction fsc.org.sa.

The dialogue builds on India’s engagement at the Future Minerals Forum (FMF) 2025 in Riyadh, where Shri Reddy highlighted India’s commitment to securing critical minerals essential for the energy transition and clean energy systems.

At the FMF 2025, Reddy also held discussions with representatives from Brazil, Italy, and Morocco to foster global partnerships.

This meeting marks a significant step in India’s efforts to develop international partnerships for mineral security and sustainable development, aligned with the National Critical Minerals Mission (NCMM), the Ministry said. fiinews.com

Tags: Ministry of Coal and Mines
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