Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
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.
Also Read : Stainless Steel Sector Faces Headwinds in Q1 FY26 Amid Import Surge Govt soon to finalise framework of state mining index to ensure ease of biz