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(THE GIST OF PIB) Khanij Bidesh India Limited

(APRIL-2024)

Recently, KABIL signed a MoU with the CSIR - National Geophysical Research Institute to foster a long-term collaboration in the field of critical and strategic minerals.

It is a Joint Venture Company formed with the participation of National Aluminium Company Ltd. (NALCO), Hindustan Copper Ltd. (HCL) and Mineral Exploration Company Ltd. (MECL) in August, 2019. The equity participation between NALCO, HCL and MECL is in the ratio of 40:30:30.
It is mandated to identify, acquire, develop, process and make commercial use of strategic minerals in overseas locations for supply in India. It is focusing on identifying and sourcing battery minerals like Lithium and Cobalt.

It helps in building partnerships with other mineral rich countries like Australia and those in Africa and South America, where Indian expertise in exploration and mineral processing will be mutually beneficial bringing about new economic opportunities.
The KABIL would carry out identification, acquisition, exploration, development, mining and processing of strategic minerals overseas for commercial use and meeting country’s requirement of these minerals.
Nodal Ministry: Ministry of Mines