Efforts to Attain Self –reliance in Critical & Strategic Mineral Requirements
Part of: Prelims
In News: In order to ensure mineral security of the nation and to attain self-reliance in the area of critical & strategic minerals, the Ministry of Mines has created a Joint Venture company namely Khanij Bidesh India Ltd (KABIL) with participating interest of National Aluminium Company Ltd (NALCO), Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL).
- Mandated to identify and acquire overseas mineral assets of critical and strategic nature such as Lithium, Cobalt etc.
- Aims at giving further fillip to Atma Nirbhar Bharat that will cater to the requirements of crucial sectors such as e-mobility, renewable energy, medicine, aerospace, aviation etc.
- Engagement of KABIL is under way with source countries like Australia, Argentina, Bolivia and Chile which are endowed with cited critical and strategic minerals.
News Source: PIB