Coal India Ltd Ventures into Critical Mineral Projects Worldwide

State-owned Coal India Ltd (CIL) has signed non-disclosure agreements with global companies to explore investment opportunities in critical mineral projects. Key focus areas include the exploration, extraction, and processing of lithium in Chile and joint ventures in Australia for lithium and cobalt mining.

State-owned Coal India Ltd (CIL) has entered into non-disclosure pacts with companies from different nations to evaluate potential investments in critical mineral projects, the government announced on Monday.

Critical minerals are integral to modern technology, from solar panels to semiconductors, and advanced batteries. Coal and Mines Minister G Kishan Reddy revealed that CIL has signed agreements with international companies focusing on critical mineral projects. The agreements include exploring lithium deposits in Chile and joint ventures in Australia for lithium and cobalt mining.

KABIL, a joint venture of three PSUs, has signed an agreement for joint due diligence and further investment in lithium and cobalt assets in Australia. This initiative aims to ensure a sustainable supply of these critical minerals to India. KABIL continues to explore other nations rich in critical and strategic minerals.

(With inputs from agencies.)