American Resources Policy Network
Promoting the development of American mineral resources.
  • Uranium find in India to reduce dependence on imports

    According to news reports, India has discovered what its government claims could be the world’s largest uranium reserves in a mine due to start operating by the end of the year.  The nation’s Department of Atomic Energy recently confirmed that the Tumalapalli mine in the southern state of Andrha Pradesh holds 49,000 metric tons of uranium, but assumes that the total amount is closer to 150,000 tons.

    While international analysts question the Indian government’s claim that the mine could become the world’s largest uranium mine, the discovery is significant as India, along with nations like China and South Korea, is looking to expand its nuclear energy program.

    The deposits may be low-grade and insufficient to cover the country’s supply gap, but as we’re entering into an era of resource scarcity and global competition for the world’s mineral riches, they constitute an important step towards reducing India’s dependence on foreign resources.  U.S. policy makers should take note.
  • India secures exclusive access to Madagascar rare earths find

    On the heels of the discovery of a significant rare earths find in Madagascar announced by Mumbai-based Varun Industries earlier this month, the Indian government has been quick to lock up a purchase agreement with the Madagascar unit of the company, Varun Energy Corp.  According to the memorandum of understanding, Varun Energy Corp. will sell all its heavy minerals concentrate mined in Madagascar to a Public Sector Undertaking (PSU) under the Indian Department of Atomic Energy.

    The Indian government’s move is consistent with its efforts to secure access to strategic metals and minerals, including rare earths, which are critical for its burgeoning industrial sectors. As India competes with other fast-growing and resource-hungry nations like China for the world’s natural resources, expect to see more deals like this one.  The question U.S. policy makers should ask themselves is: Are we doing enough to secure our own strategic and economic future?

  • Resource Wars: India to challenge China with rare earths find in Madagascar?

    While a rare earths find on the bottom of the Pacific Ocean has misleadingly been heralded as a solution to China’s near-total rare earths monopoly (to find out why this claim is misleading, click here), a second rare earths discovery earlier this month was barely noticed, in spite of its greater potential to challenge China: [...]
  • Mozambique find underscores geopolitics of global race for resources

    According to the Sydney Morning Herald, Globe Metals and Mining has discovered significant rare earths deposits at its exploration site Mount Muambe in Mozambique. This positive exploration result will likely further strengthen China’s quasi-monopoly position when it comes to rare earths, as the Chinese state-owned East China Minerals Exploration and Development Bureau only two months [...]