“A group of secretaries (on resources) has decided that these companies (Coal India, NMDC, ONGC Videsh Ltd) move forward and look at critical mineral assets abroad also.
It is an easy method.
All these companies which already have some kind of presence abroad will now actively start looking at critical mineral assets abroad,” Rao told reporters.
KABIL, a joint venture of three PSUs — National Aluminium Company Ltd (NALCO), Hindustan Copper Ltd (HCL) and Mineral Exploration and Consultancy Ltd (MECL) — which comes under the Ministry of Mines has been formed to scout for mineral assets overseas.
“A group of secretaries (on resources) has decided that these companies (Coal India, NMDC, ONGC Videsh Ltd) move forward and look at critical mineral assets abroad also. It is an easy method. All these companies which already have some kind of presence abroad will now actively start looking at critical mineral assets abroad,” Rao told reporters. KABIL, a joint venture of three PSUs — National Aluminium Company Ltd (NALCO), Hindustan Copper Ltd (HCL) and Mineral Exploration and Consultancy Ltd (MECL) — which comes under the Ministry of Mines has been formed to scout for mineral assets overseas.
