Coal India and NMDC on global hunt for lithium mines

Coal India and NMDC on global hunt for lithium mines

Daily Current Affairs / Coal India and NMDC on global hunt for lithium mines

Change Language English Hindi

Category : Business and economics Published on: May 20 2024

Share on facebook

The Indian government has directed public sector companies like Coal India, NMDC, and ONGC Videsh Ltd (OVL) to actively seek critical mineral assets overseas.
This initiative aims to secure vital resources necessary for industries such as clean energy technologies and electric vehicles, with these PSUs leveraging their established international market presence to expand their resource base under the guidance of a group of secretaries.
Coal India is actively pursuing lithium blocks in Chile, while NMDC is involved in gold mining in Australia and exploring lithium mining opportunities.
ONGC Videsh Ltd, the overseas investment arm of ONGC, will play a crucial role in this venture, utilizing its global energy market expertise to effectively explore and acquire critical mineral assets.

Recent Post's

India bans 16 Pakistani YouTube channels with 63 million subscribers for spreading provocative content post-Pahalgam attack.
Read More....
Swiss President visits US to negotiate trade tariffs; foreign minister seeks stronger ties with China.
Read More....
Israel launches air strike on Hezbollah facility in Beirut despite ceasefire agreement.
Read More....
Japan and Vietnam strengthen trade and tech collaboration amid global tariff tensions.
Read More....
Putin praises North Korean troops fighting alongside Russia in Ukraine conflict.
Read More....
India loses 4-1 to Denmark in Sudirman Cup; only win comes in women's doubles.
Read More....
Tigst Assefa sets women-only world record in London Marathon; Alex Yee finishes 14th.
Read More....
Dubai unveils strategy to become global AI leader beyond oil-driven economy.
Read More....
Jamshedpur FC beats NorthEast United in penalties to reach Kalinga Super Cup 2025 semi-finals.
Read More....
India's industrial output grows 3% in March 2025, reflecting signs of recovery.
Read More....