Mining Agreement with Australian Agency Public Sector Undertaking
The new company was set up by the central government in 2019 with the aim of reforming the mining sector and self-sufficiency in minerals.
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New Delhi: Khanij Bidesh india and the Australian Government's Critical Mineral Facilitation office have signed a new agreement with the Ministry of Mines. The aim is to identify and mine lithium and cobalt deposits in Australia. According to the central government, the agreement was signed on march 10.Earlier, india and australia had signed agreements at the government level for further cooperation in this area. The new agreement is a continuation of this.
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The new company was set up by the central government in 2019 with the aim of reforming the mining sector and self-sufficiency in minerals. The company was formed under the name of Kabil or Khanij Bidesh india Limited. The PSU was formed in partnership with National Aluminum Company, HCL, and MECL. The company will take on critical tasks, including finding and conserving the source of the minerals.The central government's move is aimed at foreign mines. The move is part of an effort to extract it from available foreign mines such as lithium and cobalt. If the goal is achieved, the company will be able to strengthen the goals of Atmanirbhar Bharat. In the future, the company is likely to become India's strength, mainly in the areas of renewable energy, pharmaceuticals, aerospace, and aviation. The central government is providing $ 2.4 billion in incentives to multinational companies to build battery cells for electric vehicles in the country. Lithium can be described as gold in this sector. The price of lithium has risen sharply in recent days. If lithium sources can be identified and mined in australia, it could strengthen the country's electric vehicle manufacturing market.
The new company was set up by the central government in 2019 with the aim of reforming the mining sector and self-sufficiency in minerals.
New Delhi: Khanij Bidesh india and the Australian Government's Critical Mineral Facilitation office have signed a new agreement with the Ministry of Mines. The aim is to identify and mine lithium and cobalt deposits in Australia. According to the central government, the agreement was signed on march 10.Earlier, india and australia had signed agreements at the government level for further cooperation in this area. The new agreement is a continuation of this.The new company was set up by the central government in 2019 with the aim of reforming the mining sector and self-sufficiency in minerals. The company was formed under the name of Kabil or Khanij Bidesh india Limited. The PSU was formed in partnership with National Aluminum Company, HCL, and MECL. The company will take on critical tasks, including finding and conserving the source of the minerals.The central government's move is aimed at foreign mines. The move is part of an effort to extract it from available foreign mines such as lithium and cobalt. If the goal is achieved, the company will be able to strengthen the goals of Atmanirbhar Bharat. In the future, the company is likely to become India's strength, mainly in the areas of renewable energy, pharmaceuticals, aerospace, and aviation. The central government is providing $ 2.4 billion in incentives to multinational companies to build battery cells for electric vehicles in the country. Lithium can be described as gold in this sector. The price of lithium has risen sharply in recent days. If lithium sources can be identified and mined in australia, it could strengthen the country's electric vehicle manufacturing market.