India scouting for critical mineral assets in Congo, Zambia, Tanzania, Australia: Mines Secretary
1 month ago

India scouting for critical mineral assets in Congo, Zambia, Tanzania, Australia: Mines Secretary

The Hindu  

The Government on Thursday said that the country is scouting for mining and exploration of critical mineral assets in Congo, Zambia, Tanzania and Australia. are working on trying to get critical mineral assets for exploration and mining for Indian companies in those countries.” Critical minerals such as copper, lithium, nickel, cobalt and rare earth are important raw materials needed to fuel the growth of rapidly growing clean energy technologies and their expanding uses ranging from wind turbines and electricity networks to electric vehicles and battery manufacturing. The secretary further said that along with KABIL, public sector units like Coal India, NMDC and ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation, are also exploring critical mineral blocks in Australia. The major objectives of this mission are to increase exploration, reduce import dependence, acquire mineral blocks overseas, develop technologies for processing of critical minerals and recycle the minerals.

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