NITI Aayog seeks coking coal in critical minerals: Pankaj Satija

Niti Aayog's recommendation of including coking coal in critical minerals has been welcomed by industry stakeholders.

- TBG NETWORK

Speaking with Pankaj K Satija, Executive Incharge - Ferro Alloys & Minerals Division, Tata Steel Ltd, lauded Niti Aayog recommendations.

“The government has given a lot of thrust on commercial mining, and new mines have started producing. The good part is that Niti Aayog has also advocated that the critical mineral aspect, the coking coal, should be part of it. The USA has already been included. So maybe some more positive developments are on the offering,” he said.

Recommendations of the policy body NITI Aayog focus on boosting the country's domestic critical mineral production by including coking coal in the critical minerals list due to its importance in the steel sector. It suggests special dispensations for private sector participation through mechanisms like Special Purpose Vehicles (SPV) and new exploration licenses, and advocates for investment in offshore mineral exploration in resource-rich countries.