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India begins drilling at Balukona to boost domestic copper and nickel output, part of a 2025 national push for critical minerals.
Drilling begins in December at Deccan Gold Mines' Balukona block in Chhattisgarh, a key move in India’s effort to boost domestic production of critical minerals like copper, nickel, platinum, and palladium.
The site is expected to yield around 10,000 tons annually of copper and nickel.
The company, India’s only listed gold exploration firm, is also operating the Jonagiri Gold Project in Andhra Pradesh, producing 450–500 kilos of gold in its first year, with peak output of 750 kilos.
Deccan Gold Mines is expanding globally with projects in Kyrgyzstan, Finland, and Mozambique, including a lithium concentrate project in Mozambique aimed at 200 tons daily.
Investments in Finland and Mozambique are estimated at $40 million and $30–40 million, respectively.
The government’s National Critical Mineral Mission, launched in 2025, is supporting these efforts, though high auction premiums may not be sustainable.
India imports critical minerals worth nearly ₹70,000 crore annually, and domestic production, while modest, marks a crucial first step.
India comienza la perforación en Balukona para impulsar la producción nacional de cobre y níquel, parte de un impulso nacional para minerales críticos para el año 2025.