Draft:KABIL(Khanij Bidesh India Ltd.)

Khanij Bidesh India (KABIL) is a Joint venture company of three central Public Sector Enterprises namely — National Aluminium Company (NALCO), Hindustan Copper (HCL) and Mineral Exploration Company (MECL).The equity participation between NALCO, HCL and MECL is in the ratio of 40:30:30.

Background

In order to ensure mineral security of the nation and to attain self-reliance in the area of critical & strategic minerals, the Ministry of Mines has created a Joint Venture company namely Khanij Bidesh India Ltd (KABIL) with participating interest of National Aluminium Company Ltd (NALCO), Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL). KABIL is mandated to identify and acquire overseas mineral assets of critical and strategic nature such as Lithium, Cobalt etc.

Based on a commissioned study and selection criteria, select source countries have been shortlisted for exploring possibilities of mineral asset acquisition abroad. So far, the engagement of KABIL is underway with source countries like Australia, Argentina, Bolivia and Chile which are endowed with cited critical and strategic minerals.

Functioning

KABIL will be responsible in carrying out identification, acquisition, exploration, development, mining and processing of strategic minerals overseas for commercial use and meeting country’s requirement of these minerals. The sourcing of these minerals or metals is to done by creating trading opportunities, G2G (government to government) collaborations with the producing countries or strategic acquisitions or investments in the exploration and mining assets of these minerals in the source countries.