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Mines Ministry Signs MoU with IEA on Cooperation in Critical Minerals

Published on November 13, 2024
Current Context: On November 13, 2024, the Ministry of Mines signed a Memorandum of Understanding (MoU) with the International Energy Agency (IEA) at Shastri Bhawan in New Delhi.
Mines Ministry Signs MoU with IEA on Cooperation in Critical Minerals
  • Key Points:
    • Date and Venue: The MoU was signed on November 13, 2024, at Shastri Bhawan, New Delhi.
    • Objective: To enhance cooperation in critical minerals, ensuring India has access to reliable data, analysis, and policy recommendations.
    • Focus Areas: The collaboration will focus on streamlining India's policies, regulations, and investment strategies for critical minerals in line with global standards and best practices.
  • This partnership is expected to bolster India's efforts in securing a stable supply of critical minerals, which are vital for technological advancements and sustainability initiatives.

Question:

1 What is the main objective of the MoU signed between the Ministry of Mines and the International Energy Agency (IEA)?

  • A) To develop new mining technologies
  • B) To enhance cooperation in critical minerals
  • C) To reduce the cost of mining operations
  • D) To increase exports of minerals
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