Powered by: Motilal Oswal
2024-05-15 12:44:49 pm | Source: Reuters
Coal India, NMDC exploring lithium mines overseas, mines secretary says

State-run miners Coal India and NMDC are exploring lithium mines in Chile and Australia, Secretary of Mines V.L. Kantha Rao said on Wednesday.

The Indian mines ministry is also encouraging other state-owned companies, such as ONGC Videsh , to scout for critical minerals overseas, Rao told 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 said. 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.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here