Coal India’s Overseas Mining Plans

Coal India (COALINDIA) is setting its sights on expanding its mining operations beyond Indian borders. The company plans to extract lithium, nickel, cobalt, molybdenum, graphite, phosphorus, and potash in various foreign locations. This initiative aligns with the central government’s directive from May 2024, urging companies like Coal India to pursue critical mineral assets internationally.

Government Encouragement

Earlier this year, the central government encouraged key public sector undertakings, including Coal India (COALINDIA), NMDC, and ONGC Videsh, to actively seek overseas opportunities for sourcing crucial minerals required for the country’s industrial growth.

Focus on Critical Minerals

The move is driven by a growing demand for minerals such as lithium and cobalt, which are essential for developing clean energy solutions and advanced technology industries. By acquiring these assets overseas, Coal India (COALINDIA) aims to enhance the nation’s mineral security and reduce dependency on imports.

Strategic Outlook

Coal India’s strategic shift marks a significant step towards securing a diversified supply chain and addressing the increasing global demand for these minerals. This forward-thinking approach will likely position the company as a key player in the international mining sector.

Disclaimer:
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

Click here for more Company News