J&K LITHIUM BLOCK AUCTION FACES CONTINUED DELAYS
Why in the news?
- The auction for the J&K lithium block, estimated to hold 5.9 million tonnes of ore, was annulled twice.
- The first auction, held on March 13, failed due to fewer than the required three bidders.
- A second attempt, also failed to progress beyond the first round due to no qualified bidders.
About Geological Survey of India (GSI):
- Established: 1851, initially for coal deposits.
- Role: Provides geological expertise and information for policy, commercial, and socio-economic needs.
- Functions: Geological, geophysical, and geochemical surveys; updates national geoscientific data and mineral assessments.
- Headquarters: Kolkata, with regional offices in Lucknow, Jaipur, Nagpur, Hyderabad, Shillong, and Kolkata.
- Affiliation: Attached to the Ministry of Mines.
source:wordpress
Key Facts about Lithium:
Lithium Reserves in India:
What are Critical Minerals?
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