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Coal India, NMDC exploring lithium mines overseas

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Announcement 15 May 2024 02:44 PM IST Reuters

State-run miners Coal India and NMDC are looking into lithium mines in Chile and Australia, according to Secretary of Mines V.L. Kantha Rao.

The Indian mines ministry is also encouraging other state-owned enterprises, such as ONGC Videsh, to look for key minerals abroad, Rao said on the sidelines of an industry conference in New Delhi.

India will also send a delegation to Zambia in June, including executives from Tata Group and Vedanta, he said. The two countries will discuss cooperatively exploring vital minerals such as lithium.

India is examining if an existing trade agreement with Chile can be expanded to include vital minerals for government access, according to Rao, and trade routes with Mongolia to examine copper and coal holdings there.