Gujarat Mineral Development Corporation (GMDC) has took a major step towards bolstering India’s rare earth elements (REE) self-sufficiency. The milestone was marked by the formal handover of exploration and geological data for the Ambadongar rare earth deposit from the Atomic Minerals Directorate for Exploration & Research (AMD) to the Chief Minister of Gujarat at a significant event in Gandhinagar.
The Ambadongar deposit, located in the Chota Udepur district of Gujarat, is one of the largest known sources of REEs globally. These critical minerals are essential to a wide range of clean energy technologies, including electric vehicles (EVs) and wind turbines. Through this initiative, GMDC aims to establish a complete supply chain, from extraction to processing and manufacturing, positioning Gujarat as a global leader in rare earth processing.
This project is poised to play a crucial role in India’s clean energy revolution and will catalyse the transformation of its state’s economy and setting new standard for sustainable growth. By harnessing the full potential of the rare-earth elements, it is laying the groundwork for a sustainable and competitive economy. This is a testament to its commitment to innovation, self-reliance and leadership in the global market.
Gujarat Mineral Development Corporation is engaged in business of mining and mineral processing.
Company Name | CMP |
---|---|
Coal India | 363.85 |
NMDC | 65.18 |
GMDC | 250.95 |
MOIL | 303.40 |
Sandur Manganese | 394.10 |
View more.. |