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India conducts the first rare earth geological survey to relieve dependence on China
Time:2017-09-20

According to Sputnik, the Indian government has positioned 12 frontier defense equipment manufacturing as key minerals. India has not declared most of the key mineral domestic reserves, including rare earth minerals, the current rare earth raw materials heavily dependent on the world's largest producer - China.


It is reported that the Indian government intends to invite the country's companies or institutions to participate in a three-year rare earth mineral geological survey, which will be collected within three years through the geological test baseline magnetic and spectral data. The government will soon set up a global company and will be able to check for more than 800,000 square kilometers for a $ 210 million budget.


"The Indian Geological Survey is launching a nationwide geological mapping program aimed at obtaining" significant geological potential (OGP) "in areas where baseline magnetic and spectral data were obtained. By April 2017, nearly 20.5 million square kilometers Aeronautical geological exploration will proceed as planned, "said Piyush Goyal, Minister of Mineral Resources of India.


At present, the Government of India has implemented a revenue sharing mechanism to include private exploration agencies to participate in the project, and to provide a comprehensive structural framework for the emergence of deep and hidden deposits in the country.


Previously, the Indian government has identified key minerals in the aerospace, automotive, camera, defense, entertainment systems, notebook computers, medical imaging, nuclear energy and smartphones. Of the 12 key minerals identified, seven are entirely dependent on imports, and India has not yet claimed to find other types of resources, except for light rare earth (monazite) and beryllium.