Coal India Limited (CIL) signed two Non-Disclosure Agreements (NDAs) with entities located in New South Wales (NSW), Australia. CIL is actively exploring mining opportunities for critical minerals on a global scale, with Argentina being among the key countries under consideration.
The strategic initiative is in alignment with India’s objectives outlined at COP28, which underscore the imperative to reduce carbon emissions by embracing clean energy solutions. The ministry of coal has reiterated its commitment to sustainable development and the efficient utilization of resources, aimed at mitigating the carbon footprint associated with the coal sector.
Critical minerals, as defined by the ministry of mines, play a pivotal role in economic development and national security, being extensively utilized in the energy, communications, space, and nuclear sectors. As reported by ETEnergyworld.com, these minerals serve as essential components in various products, ranging from mobile phones, computers, and electric vehicles to renewable energy technologies such as solar panels and wind turbines.
