India commits to invest in lithium and cobalt mines in Australia
COAL & MINING

India commits to invest in lithium and cobalt mines in Australia

India commits to invest $6 million jointly with the government of Australia as it explores lithium and cobalt mines in the next six months in Australia.

The move is towards India looking to secure a supply of key minerals for its electric vehicle (EV) plans.

On Tuesday, Khanij Bidesh India Limited or KABIL which is a mining joint venture between National Aluminum Company Limited (NALCO), Hindustan Copper Limited, and Mineral Exploration Corporation Limited, signed a preliminary agreement with the Critical Minerals Facilitation Office (CMFO) of Australia.

Engagements are underway with other source countries, primarily LATAM nations like Bolivia, Argentina, Chile, etc have been endowed with lithium and cobalt in hard rock formations as well as in brine, the statement added.

Lithium is a key component utilised in the battery used in EV. India via its Rs 18,100 crore PLI scheme offers incentives for companies to manufacture battery cells locally for Electric Vehicles.

The biggest lithium battery suppliers to India are China and Hong Kong.

Under the aegis of the G2G memorandum of understanding (MoU), a detailed MoU comprising a collaborative framework was signed between KABIL and CMFO to carry out joint due diligence of select greenfield as well as brownfield projects for identification of lithium and cobalt mineral assets for the joint investment decisions and acquiring assets in Australia.

Image Source

Also read: Australia to invest $280 million to boost economic ties with India

India commits to invest $6 million jointly with the government of Australia as it explores lithium and cobalt mines in the next six months in Australia. The move is towards India looking to secure a supply of key minerals for its electric vehicle (EV) plans. On Tuesday, Khanij Bidesh India Limited or KABIL which is a mining joint venture between National Aluminum Company Limited (NALCO), Hindustan Copper Limited, and Mineral Exploration Corporation Limited, signed a preliminary agreement with the Critical Minerals Facilitation Office (CMFO) of Australia. Engagements are underway with other source countries, primarily LATAM nations like Bolivia, Argentina, Chile, etc have been endowed with lithium and cobalt in hard rock formations as well as in brine, the statement added. Lithium is a key component utilised in the battery used in EV. India via its Rs 18,100 crore PLI scheme offers incentives for companies to manufacture battery cells locally for Electric Vehicles. The biggest lithium battery suppliers to India are China and Hong Kong. Under the aegis of the G2G memorandum of understanding (MoU), a detailed MoU comprising a collaborative framework was signed between KABIL and CMFO to carry out joint due diligence of select greenfield as well as brownfield projects for identification of lithium and cobalt mineral assets for the joint investment decisions and acquiring assets in Australia. Image SourceAlso read: Australia to invest $280 million to boost economic ties with India

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?