India is exploring mining opportunities for critical minerals in Zambia, Congo, and Australia, aiming to secure resources like lithium. Companies involved include Coal India and ONGC Videsh. There are significant investments earmarked for developing lithium reserves in Jammu and Kashmir, and the government has prioritized minerals critical for energy transition.
India is actively pursuing mining opportunities for critical minerals in Zambia, Congo, and Australia, according to Mines Secretary V.L. Kantha Rao. This initiative aims to secure vital raw materials like lithium, essential for the nation’s energy transition technologies. Key companies involved in this exploration include Coal India, NMDC, and ONGC Videsh, particularly in Australia, highlighting India’s strategy to decrease mineral import dependence.
The Zambian government has allocated 9,000 square kilometers for India to explore cobalt and copper, enhancing prospects in the region. Rao also mentioned that India is evaluating additional opportunities in Congo and Tanzania for critical mineral extraction. Meanwhile, Mines Minister G. Kishan Reddy indicated a focus on lithium reserves in Jammu and Kashmir, with clarity on this effort expected by May 2025.
In early 2023, India discovered its first lithium deposits in Jammu and Kashmir, boasting estimated reserves of 5.9 million metric tons. However, the government has struggled to attract bids for mining rights in the region. With over 20 minerals classified as “critical” to its energy goals, recent strategies aim to meet emerging industrial and infrastructure demands.
In January 2025, the Indian government allocated ₹63 billion (approximately $1.88 billion) to foster the development of its critical minerals sector. This financial support underscores India’s commitment to securing the resources necessary for its economic growth while reducing foreign mineral dependency.
India is strategically expanding its mining initiatives for critical minerals, focusing on countries like Zambia, Congo, and Australia. With significant investments and explorations underway, including the development of domestic lithium resources, India aims to bolster its energy transition while lessening reliance on imports. The ongoing endeavors reflect a robust commitment to securing essential minerals vital for infrastructure and industry.
Original Source: www.business-standard.com
