Summary:

Khanij Bidesh India Ltd. (KABIL) is a joint venture between National Aluminium Company Ltd., Hindustan Copper Ltd., and Mineral Exploration and Consultancy Limited. Its purpose is to assure a consistent supply of key minerals for India through international exploration and acquisition. KABIL focusses on lithium and cobalt projects in Argentina, Australia, and Chile. In Argentina, it holds exclusive lithium exploration rights in Catamarca Province. KABIL signed a memorandum of understanding with the Critical Mineral Office in Australia to collaborate on mining asset investments. In Chile, it has an NDA with ENAMI to investigate lithium deposits.

KABIL has expressed interest in lithium projects in Chile, which include exploration, extraction, and processing. The company is also looking for other worldwide investments in important minerals and has signed non-disclosure agreements with multinational companies to explore possible projects. The Minerals Security Partnership (MSP), which comprises Australia, Canada, and India, promotes sustainable essential mineral supply chains via financial and diplomatic methods. MSP partners guarantee that projects meet high environmental, social, and governance (ESG) criteria, promote local value creation, and contribute to the global clean energy transition.

Source: IBEF 

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