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Reclassification of Minerals
February 24 , 2025
11 hrs 0 min
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- The Ministry of Mines has classified barytes, felspar, mica and quartz as "major minerals".
- This move will extend the existing extraction contracts by 50 years and now allows them to be mined for crucial science and technology applications.
- These mines will gradually need to register with the Indian Bureau of Mines and be regulated as major minerals.
- Quartz, felspar, and mica are found in pegmatite rocks.
- They are an important source of many critical minerals like beryl, lithium, niobium, tantalum, molybdenum, tin, titanium, and tungsten.
- Critical minerals play a vital role in technologies related to electric vehicles (EVs), energy transition, spacecraft industries, and healthcare.
- Until now, when the leases for quartz, felspar, and mica were granted as minor mineral leases.
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