Inauguration of Registered Office of Khanij Bidesh India Limited (KABIL) in New Delhi
Recently, the registered office of Khanij Bidesh India Limited (KABIL) has been inaugurated in New Delhi by Shri VL Kantha Rao, Secretary, Ministry of Mines.
Key Points
- The inauguration of Kabil’s office marks a new era of concerted efforts towards ensuring India’s mineral security.
- Kabil plays a key role in driving India’s growth and self-reliance in the critical and strategic minerals sector in line with “Make in India”, “Develop India” and net zero emissions objectives.
- An exploration and development MoU was signed with CAMYEN on January 15, 2024. The agreement granted Kabil exclusive exploration rights to five lithium blocks in Argentina.
- India has also partnered with Australia by signing G2G MoU (between Ministry of Mines and DSIR) and B2B MoU (between Kabil and CMO), which is the world’s largest producer of Lithium (about 47% of the world’s top producer) and Cobalt (world’s largest producer of Lithium). It is the leading producer of about 3% (fourth largest producer).
About Khanij Bidesh India Limited (KABIL)
- Established: Year 1972
- It is a Navratna public sector undertaking functioning under the administrative control of the Ministry of Mines, Government of India.
- Kabil is currently actively operating in more than 30 countries across the globe and is involved in exploration and exploitation of critical minerals such as copper, zinc, coal, bauxite, iron ore and manganese.
- Headquarters: Hyderabad
Main functions and objectives
- To engage in mineral exploration and excavation activities in foreign countries and to ensure supply of vital minerals to India.
- To promote integrated mining and mining based industries.
- To provide technical and professional assistance in the development and exploitation of natural resources.
- Forming joint ventures with foreign entities and investing in foreign mineral projects.
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