CIL is considering acquiring critical mineral assets in foreign countries, and preliminary due diligence is underway, stated Dr B. Veera Reddy, Director Technical, CIL, at the workshop on critical minerals organised by the Indian National Committee World Mining Congress in New Delhi.
He further pointed out that Coal India has also incorporated an object clause pertaining to the value chain of critical minerals in its Memorandum of Association to validate its focus on critical mineral strategy.
Debasish Nanda, Director Business Development, CIL, while addressing the workshop, highlighted the uncontested significance of critical minerals such as lithium, cobalt, nickel, etc. in India’s green transition drive.
Shri Nanda invited key players and stakeholders to collaborate with CIL to ensure the nation’s raw material security.
He stated that CIL’s long-term goal is to expand beyond its current geographical borders in the coal sector and emerge as a modern global mining and energy giant.
