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Home / Economy / News / India set to acquire five lithium blocks in Argentina
spotted by KABIL


INDIA SET TO ACQUIRE FIVE LITHIUM BLOCKS IN ARGENTINA SPOTTED BY KABIL

TO INVEST RS 200 CRORE OVER 5 YEARS FOR EXPLORATION AND DEVELOPMENT


Premium
Nitin Kumar New Delhi



3 min read Last Updated : Dec 24 2023 | 11:41 PM IST
Follow Us




India is close to striking a deal on acquiring five lithium blocks for
exploration and development in Argentina with the negotiations entering “final
stages”, a senior official said, even as the country is engaged in talks with
other nations rich in critical minerals. The agreement will be signed between
Khanij Bidesh India Ltd. (KABIL) — a joint venture company focused on
identifying, acquiring, developing, processing and making commercial use of
strategic minerals in overseas locations for supply in India — and Catamarca
Minera Y Energética Sociedad Del Estado (CAMYEN), a state-owned mining and
energy company in the Argentine province of Catamarca. Click here to follow our
WhatsApp channel The Centre will also invest around





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Topics :lithiumArgentinaMining industryMetals & mineralsminerals

First Published: Dec 24 2023 | 5:40 PM IST




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