India Pursues Critical Mineral Assets in Congo, Zambia, and Beyond

India is seeking critical mineral assets in Congo, Zambia, Tanzania, and Australia, focusing on minerals essential for clean energy technologies. The Government is collaborating with various public sector enterprises to explore opportunities and aims to achieve self-reliance through the National Critical Mineral Mission. This encompasses securing overseas mineral blocks and promoting domestic exploration.

The Government of India is actively pursuing opportunities for the exploration and mining of critical mineral assets across several countries, including Congo, Zambia, Tanzania, and Australia. In a recent press conference, Mines Secretary V.L. Kantha Rao highlighted the collaboration with the Australian government and mentioned that Indian missions are working diligently to secure these valuable resource assets for Indian enterprises.

Critical minerals, such as copper, lithium, nickel, cobalt, and rare earth elements, play a vital role in advancing clean energy technologies. These elements are essential in various applications, including electric vehicles, battery manufacturing, and renewable energy sources like wind turbines and electricity networks.

In collaboration with KABIL and other public sector entities, including Coal India, NMDC, and ONGC Videsh Ltd, Indian companies are exploring mineral blocks in Australia. Rao stated that the Zambian Government has recently allotted a vast area of 9,000 square kilometers for the exploration of cobalt and copper, with an anticipated exploration period of two to three years before acquiring mining rights.

The Mines Minister, G. Kishan Reddy, emphasized the rising demand for lithium blocks and noted that the Geological Survey of India has identified potential sites for lithium in Jammu and Kashmir and Chhattisgarh. A specialized team from the GSI will conduct further explorations, with a report expected by late April or May, followed by upcoming auctions for exploration licenses.

The Government has already approved a ₹16,300-crore National Critical Mineral Mission, aimed at achieving self-reliance in critical mineral production over seven years, with a total budget of ₹34,300 crore. The mission seeks to diminish reliance on imports and foster domestic exploration and processing of minerals.

India’s proactive approach to securing critical mineral assets underscores its commitment to achieving self-reliance in resource management. The collaboration with various international governments and public sector enterprises is expected to bolster India’s position in the global clean energy market, facilitating significant advancements in technology and sustainability.

Original Source: www.thehindu.com