KABIL

May 13, 2024

Ministry of Mines Secretary Inaugurated office of Khanij Bidesh India Limited (KABIL) in New Delhi.
KABIL is a Joint Venture Company formed by NALCO, HCL and MECL, the CPSEs under the Ministry of Mines is entrusted with the important mission of identifying, exploring, acquiring, and developing critical & strategic mineral assets overseas.
It will play a crucial role in driving India’s growth and self-sufficiency in the realm of critical & strategic minerals aligning with the objectives of “Make in India” and “Viksit Bharat” and India achieving the Net Zero Emission Goal.
KABIL’s journey was started by the signing of an Exploration and Development Agreement with CAMYEN on January 15, 2024.
- This agreement granted KABIL exclusive exploration rights for five lithium blocks in Argentina, a key component in the production of batteries essential for various industries, including electric vehicles.
There is also collaboration of India with Australia who is the leading producer of Lithium ( about 47% of the world- top producer) and Cobalt (about 3% of World- 4th largest producer) by signing G2G MoU ( between Ministry of Mines and DSIR) and B2B MoU ( between KABIL and CMO).