Fake AI-generated hallucinated citation, it does not exist. |
removing pseudo citation, it does not exist |
||
| Line 5: | Line 5: | ||
'''Khanij Bidesh India (KABIL)''' (KABIL), a joint venture company will be set up soon to ensure a consistent supply of critical and strategic minerals to the [[Indian]] domestic market. | '''Khanij Bidesh India (KABIL)''' (KABIL), a joint venture company will be set up soon to ensure a consistent supply of critical and strategic minerals to the [[Indian]] domestic market. | ||
KABIL will be set up in joint partnership between three Central Public Sector Enterprises including National Aluminium Company Ltd.(NALCO), Hindustan Copper Ltd.(HCL) and Mineral Exploration Company Ltd (MECL). The equity participation between NALCO, HCL and MECL in the company is in the ratio of 40:30:30. | KABIL will be set up in joint partnership between three Central Public Sector Enterprises including National Aluminium Company Ltd.(NALCO), Hindustan Copper Ltd.(HCL) and Mineral Exploration Company Ltd (MECL). The equity participation between NALCO, HCL and MECL in the company is in the ratio of 40:30:30.<ref name="barefix1">{{cite web |url=https://www.autocarpro.in/news-national/government-forms-psu-consortium-to-acquire-lithium-globally-43720 |title=KABIL lithium-ion for [[India]] |website=Autocar Professional |access-date=18 October 2026}}</ref><ref name="barefix2">{{cite web |url=https://www.businesstoday.in/latest/corporate/story/nalco-to-boost-smelting-capacity-eyes-rare-earth-diversification-through-khanij-bidesh-491585-2025-08-29 |title=NALCO to boost smelting capacity, eyes rare earth diversification through Khanij Bidesh - BusinessToday |date=29 August 2025 |website=Business Today |access-date=18 October 2026}}</ref><ref name="barefix3">{{cite web |url=https://auto.economictimes.indiatimes.com/news/auto-components/chinas-rare-earth-export-curbs-hit-indian-ev-industry-govt-explores-alternatives/123385241 |title=[[China]]’s rare earth export curbs hit Indian EV industry; govt explores alternatives |website=ETAuto.com |access-date=18 October 2026}}</ref><ref>https://www.moneycontrol.com/news/india/indian-state-firms-seek-stake-in-sqm-s-lithium-projects-in-australia-sources-say-12978646.html</ref><ref>https://www.pib.gov.in/PressReleasePage.aspx?PRID=1581058</ref> | ||
==Background== | ==Background== | ||
KABIL’s main objective will be to ensure a consistent supply of critical minerals to the Indian domestic market and the mineral security of the [[Nation]]. The company would also help in realizing the overall objective of import substitution. | KABIL’s main objective will be to ensure a consistent supply of critical minerals to the Indian domestic market and the mineral security of the [[Nation]]. The company would also help in realizing the overall objective of import substitution. KABIL is mandated to identify and acquire overseas mineral assets of critical and strategic nature such as [[Copper]], Lithium, Cobalt etc.<ref name="[[Deccan Herald]]">{{cite web |url=https://www.deccanherald.com/business/state-owned-firm-kabil-to-sign-lithium-pact-with-argentina-1232224.html |title=State-owned firm KABIL to sign lithium pact with [[Argentina]] |website=Deccan Herald |access-date=18 October 2026}}</ref> | ||
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.<ref name="Deccan Herald"/><ref>https://www.psuconnect.in/news/mines-ministry-created-a-jv-company--namely-kabil/30803/</ref> | 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.<ref name="Deccan Herald"/><ref>https://www.psuconnect.in/news/mines-ministry-created-a-jv-company--namely-kabil/30803/</ref> | ||
==Functioning== | ==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. | 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.<ref name="barefix1" /><ref name="barefix4">{{cite web |url=https://www.cnbctv18.com/business/companies/lithium-mining-extraction-reserves-jammu-kashmir-nalco-mecl-hindustan-copper-15953011.htm |title=Top three companies in India which mine lithium - CNBC TV18 |date=17 February 2023 |website=CNBCTV18 |access-date=18 October 2026}}</ref><ref name="barefix5">{{cite web |url=https://www.globaltradeobserver.com/post/strategies-policies-and-the-search-for-critical-minerals-a-situation-report |title=Strategies, Policies, and the Search for Critical Minerals: A Situation Report - undefined |date=3 March 2023 |website=www.globaltradeobserver.com |access-date=18 October 2026}}</ref> | ||
==Finance== | ==Finance== | ||
Revision as of 22:44, 18 October 2026
Submission declined on 27 June 2023 by PinkMelon (talk).
|  |
Khanij Bidesh India (KABIL) (KABIL), a joint venture company will be set up soon to ensure a consistent supply of critical and strategic minerals to the Indian domestic market.
KABIL will be set up in joint partnership between three Central Public Sector Enterprises including National Aluminium Company Ltd.(NALCO), Hindustan Copper Ltd.(HCL) and Mineral Exploration Company Ltd (MECL). The equity participation between NALCO, HCL and MECL in the company is in the ratio of 40:30:30.[1][2][3][4][5]
Background
KABIL’s main objective will be to ensure a consistent supply of critical minerals to the Indian domestic market and the mineral security of the Nation. The company would also help in realizing the overall objective of import substitution. KABIL is mandated to identify and acquire overseas mineral assets of critical and strategic nature such as Copper, Lithium, Cobalt etc.[6]
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.[7][8]
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.[1][9][10]
Finance
The JV would take shape of a new company, namely Khanij Bidesh India Ltd (KABIL), which will have an authorised and paid-up capital of Rs 100 crore and Rs 30 crore.[11]
Kindly find the resubmission
- ↑ 1.0 1.1 "KABIL lithium-ion for [[India]]". Autocar Professional. Retrieved 18 October 2026.
{{cite web}}: URL–wikilink conflict (help) - ↑ "NALCO to boost smelting capacity, eyes rare earth diversification through Khanij Bidesh - BusinessToday". Business Today. 29 August 2025. Retrieved 18 October 2026.
- ↑ "[[China]]'s rare earth export curbs hit Indian EV industry; govt explores alternatives". ETAuto.com. Retrieved 18 October 2026.
{{cite web}}: URL–wikilink conflict (help) - ↑ https://www.moneycontrol.com/news/india/indian-state-firms-seek-stake-in-sqm-s-lithium-projects-in-australia-sources-say-12978646.html
- ↑ https://www.pib.gov.in/PressReleasePage.aspx?PRID=1581058
- ↑ "State-owned firm KABIL to sign lithium pact with [[Argentina]]". Deccan Herald. Retrieved 18 October 2026.
{{cite web}}: URL–wikilink conflict (help) - ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedDeccan Herald - ↑ https://www.psuconnect.in/news/mines-ministry-created-a-jv-company--namely-kabil/30803/
- ↑ "Top three companies in India which mine lithium - CNBC TV18". CNBCTV18. 17 February 2023. Retrieved 18 October 2026.
- ↑ "Strategies, Policies, and the Search for Critical Minerals: A Situation Report - undefined". www.globaltradeobserver.com. 3 March 2023. Retrieved 18 October 2026.
- ↑ "HCL gets nod for joint venture company with MECL, NALCO". Zee Business. Retrieved 18 October 2026.