PMO has nudged CIL to invest in critical mineral assets in Australia, says CMD

Coal India Ltd (CIL) is intensifying its diversification beyond coal, and is pushing ahead with plans to invest in overseas critical mineral assets, outgoing Chairman and Managing Director (CMD) PM Prasad said.

- SAKET KUMAR

He called the move a “game changer” for the state-run miner.

“Many companies worldwide are entering into critical minerals. We are also searching. Our teams have gone to Argentina and their ministers have also come here. We were told recently that in Australia, handholding will be done by the Prime Minister's Office (PMO),” Prasad said in an address at the company's foundation day ceremony on Friday, his final day in office.