Coal India, NMDC assessing lithium mines overseas: Report
The Indian mines ministry is also encouraging other state-owned companies, such as ONGC Videsh, to scout for critical minerals overseas.
State-run miners Coal India and NMDC are assessing the lithium mines in Australia and Chile to get critical minerals, Secretary of Mines V.L. Kantha Rao, Reuters reported.
The Indian mines ministry is also encouraging other state-owned companies, such as ONGC Videsh, to scout for critical minerals overseas, Rao informed reporters at the sidelines of an industry conference in New Delhi.
India will additionally take a delegation to Zambia in June, with executives from the Tata Group and Vedanta, he added. The two governments will discuss the joint exploration of critical minerals such as lithium.
A separate delegation will head to Congo, Rao said. India is analysing whether an existing trade pact with Chile can be expanded to include critical minerals for
government access, Rao said, as well as studying trade routes with Mongolia to explore copper and coal assets there.
RELATED ARTICLES
Ola Electric Allots 37 Crore Partly Paid-Up Shares Under Rights Issue
The electric two-wheeler maker expands paid-up equity share capital to Rs 4,850.57 crore following allotment approval.
Bosch Board to Consider Stock Split
The automotive component supplier adds capital restructuring proposals to consider during its November 6 board meeting.
Belrise Industries Partners With Japan’s Yamato for Intake Components
The auto component supplier secures technology license to manufacture air filters, oil filters, and resin intake manifol...



15 May 2024
Autocar Professional Bureau
