Ministry of Mines Signs MoU with IEA to Strengthen Cooperation on Critical Minerals
The Ministry of Mines has signed an MoU with the International Energy Agency to enhance India’s critical mineral sector through access to data, analysis, and policy guidance, advancing strategic resource management and sustainable energy goals.
November 14, 2024. By Mrinmoy Dey
The MoU has been signed by Secretary, Ministry of Mines, V. L. Kantha Rao, and Dr. Fatih Birol, Executive Director, IEA, an international organization within the framework of the Organization for Economic Co-operation and Development (OECD). The signing ceremony was held at Shastri Bhawan, New Delhi in presence of Union Minister of Mines, G. Kishan Reddy.
“This collaboration would enable India to streamline its policies, regulations, and investment strategies in the critical mineral sector, aligning them with global standards and best practices. By learning from the experiences of other IEA member states and associated countries, India can accelerate its progress towards sustainable and resilient energy systems,” the ministry said.
It further added that the MoU with the IEA would also facilitate capacity building and knowledge exchange between India and the IEA member states.
“Collaboration on data collection, modelling, and analysis would enhance India's technical capabilities and institutional capacity in the critical mineral sector. Furthermore, the joint research projects, workshops, and training programs carried out under this MoU would help fostering collaboration and innovation in technology development, extraction techniques, and recycling methods for critical minerals,” it said.
Approval for the proposal of signing the MoU between IEA and the Ministry of Mines was accorded by the Union Cabinet on October 3, 2024.
This collaboration marks a significant step towards securing India’s critical mineral resources while aligning with global best practices in the critical mineral sector.
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