Coal India Limited (CIL) has been declared the preferred bidder by the Ministry of Mines, Government of India, for the Ontillu-Chandragiri Rare Earth Element (REE) Exploration Block.
According to the company’s regulatory filing, the award is pursuant to the Notice Inviting Tender (NIT) dated March 30, 2025. The exploration block covers an area of 209.62 sq. km.
The order involves the grant of an exploration license under the provisions of the Mines and Minerals (Development and Regulation) Act, 1957, as amended. The exploration license deed is to be executed within one year of issuance of the Letter of Intent by the State Government.
CIL confirmed that the order was awarded by a domestic entity and does not fall under related party transactions. The company also clarified that its promoter or promoter group has no interest in the entity awarding the block.
This development underscores Coal India’s diversification efforts into critical minerals and rare earth exploration, aligning with India’s broader strategy to strengthen its supply chain in key mineral resources.
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