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16May 2024

“CIL, NMDC, OVL TO SEEK CRITICAL MINERAL ASSETS OVERSEAS”

Why in the news? The Indian government has directed public sector companies Coal India, NMDC, and ONGC Videsh Ltd. (OVL) to actively scout for critical mineral assets abroad. Coal India is pursuing lithium blocks in Chile, while NMDC is looking at gold and lithium mines in Australia. source:Resarchgate About Critical Minerals: Critical minerals are essential …

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12May 2024

KHANIJ BIDESH INDIA MAY ACQUIRE LITHIUM ASSET IN AUSTRALIA

Why in the news? Khanij Bidesh India Ltd. (KABIL) aims to acquire a lithium block in Australia this year, according to Mines Secretary V. L. Kantha Rao. source-US agency About Possible deal: KABIL, a joint venture of three PSUs, has been actively exploring mineral assets in Australia for the past year. Mr. Rao emphasized the …

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