GMDC accelerates its Rare Earths Push with Indigenous Processing Technology from BARC

Gujarat Mineral Development Corporation Ltd. (GMDC) today took a strategic step in its rare earths journey as the Bhabha Atomic Research Centre (BARC), the premier R&D institute under the Department of Atomic Energy (DAE), Government of India, transferred an indigenous rare earth processing technology to the Corporation for its Ambadungar Rare Earth Project. The technology transfer event took place in BARC Campus, Trombay in presence of The Director, BARC and The Director, Materials Group - BARC along with the officials of GMDC Ltd.

Developed by BARC, the fully indigenous technology titled "Process for the Recovery of Rare Earth Valuesfrom Ankeritic Ore Body of Ambadungar, Gujarat, India (CH48MinD)" is designed to produce Mixed Rare Earth Concentrate (MREC) from the Ambadungar hard-rock ankeritic ore. The process provides GMDC with a robust pathway to address ore-specific technical challenges and lays the foundation for pilot-scale validation.

GMDC intends to deploy the technology initially at the pilot scale basis, with continued technical support from BARC, to undertake process validation, recovery optimisation and environmental performance assessment, prior to advancing the project to subsequentstages. GMDC also proposes to leverage its promoted institution, the International Center of Excellence in Mining Safety and Automation (iCEM), Ahmedabad, for pilot-scale and analytical testing activities. This approach is expected to optimise timelines and strengthen institutional capabilities.

Commenting on this significant milestone, Shri Roopwant Singh, IAS, Managing Director, GMDC, said: "The transfer of the rare earth processing technology from BARC for the Ambadungar REE Project represents an important step in GMDC's rare earths journey. It strengthens our ability to develop the project in a systematic and responsible manner, while building an end-to-end, future-ready rare earths value chain. Our focus remains on long-term value creation in alignment with India's critical mineral strategy and the Atmanirbhar Bharat vision."

Shares of Gujarat Mineral Development Corporation Limited was last trading in BSE at Rs. 538.75 as compared to the previous close of Rs. 556.50. The total number of shares traded during the day was 197875 in over 5439 trades.

The stock hit an intraday high of Rs. 555.95 and intraday low of 537.00. The net turnover during the day was Rs. 107958520.00.

Source : Equity Bulls

Keywords

GujaratMineralDevelopmentCorporation INE131A01031 GMDC RareEarths BARC