Coal India, NMDC, ONGC Videsh Seek Overseas Critical Mineral Assets

• The Indian government has announced plans for public sector companies like Coal India, NMDC, and ONGC Videsh Ltd (OVL) to actively seek critical mineral assets overseas. This strategic move aims to secure vital mineral resources essential for various industries, including clean energy technologies and electric vehicles.
• Coal India, NMDC, and ONGC Videsh Ltd (OVL) are set to explore critical mineral assets abroad under the guidance of a group of secretaries.
• Coal India has initiated active pursuit of lithium blocks in Chile, signaling its proactive approach towards securing critical minerals. Similarly, NMDC is already engaged in mining operations in Australia, focusing on gold mines and exploring opportunities in lithium mining.

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Published date : 22 May 2024 11:52AM