Khanij Bidesh India Ltd (KABIL) to ensure India’s mineral security

KABIL has been created in a bid to ensure India’s mineral security and to attain self-reliance in the area of strategic and critical minerals.

Khanij Bidesh India Ltd (KABIL) to ensure India’s mineral security

KABIL has been mandated to identify and acquire overseas mineral assets like Lithium, Cobalt etc.

KABIL ensures mineral security of the nation as well as help in realizing overall objective of import substitution.

Ministry of Mines has created a Joint Venture (JV) company called “Khanij Bidesh India Ltd(KABIL)” with participating interest from Hindustan Copper (HCL), National Aluminium Company (NALCO), and Mineral Exploration Corporation (MECL).

The equity participation ratio of the JV company is- 40 (NALCO): 30 (HCL) :30 (MECL).

This move by government aims to ensure a committed supply of raw materials, particularly for renewable energy (RE) and e-mobility sectors.

India is currently working on acquiring mines of strategic minerals like cobalt and lithium in producing countries including Argentina, Australia, Bolivia and Chile.

India has now decided to acquire lithium & cobalt mines in South America and Australia.

Published date : 05 Jan 2022 05:42PM