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
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Next Story
Infrastructure Urban

India Spent Rs 1.5 Tn on Smart Cities in Past 10 Years

The Indian government launched the Smart Cities Mission on June 15, 2015, with the goal of transforming urban infrastructure across the country. As of April 11, 2025, ten years since its inception, over Rs 1.5 trillion has been spent on 7,504 completed projects, representing 94 per cent of the total planned projects valued at more than Rs 1.64 trillion. An additional Rs 131.42 billion worth of projects are currently under implementation. According to data from SBI Research, 92 per cent of the funds were utilised across 21 major states, with Uttar Pradesh, Tamil Nadu, and Maharashtra together ..

Next Story
Infrastructure Energy

Hyundai’s EcoGram Converts Gurugram’s Waste to Clean Energy

Hyundai’s EcoGram, a biogas plant and material recovery facility located in Gurugram, Haryana, has been established to support circular economy initiatives. The facility collects both wet and dry waste from 20 bulk waste generators, including residential welfare associations (RWAs), corporate offices, and commercial complexes, with assistance from the Municipal Corporation of Gurugram (MCG). At the facility, the collected waste undergoes processing—wet waste is converted into biogas, which is then used to generate electricity, while dry waste is sorted for recycling. Since its inception,..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?