New Delhi: Coal India Ltd (CIL) has entered into non-disclosure agreements with companies from various countries to evaluate the feasibility of potential investments in critical mineral projects, according to official sources.
 

Critical minerals are the foundation of modern technology, essential for the production of a wide range of products, from solar panels and semiconductors to wind turbines and advanced batteries used for storage and transportation.
 

In a written statement to the Rajya Sabha, the Coal and Mines Minister, G Kishan Reddy, announced, "CIL (Coal India Ltd) has signed non-disclosure agreements with companies from different countries regarding critical mineral projects." The Public Sector Undertaking (PSU) has also expressed interest in developing projects for the exploration, extraction, and processing of lithium-containing salts or other deposits in Chile, the minister added.
 

KABIL, a joint venture of three PSUs, has signed an agreement to conduct joint due diligence and further investment in lithium and cobalt mining assets in Australia. This collaboration will assist KABIL in making long-term investment decisions and securing offtake arrangements to ensure a sustainable supply of lithium and cobalt to the country.
 

KABIL is continuously exploring opportunities in other countries with significant potential for critical and strategic minerals for long-term investment. /BI