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INDIA AND ARGENTINA COLLABORATE ON EXPLORATION AGREEMENT
The Business Guardian
|January 17, 2024
India, led by Prime Minister Narendra Modi, initiates its inaugural government-led lithium exploration project in Argentina through Khanij Bidesh India Limited KABIL), targeting five lithium brine blocks spanning 15,703 hectares in Catamarca province.
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In a significant move towards securing a sustainable and diversified supply chain for critical minerals, the Government of India has recently entered into a groundbreaking agreement with Argentina for the exploration and mining of lithium. This rare element plays a crucial role in advancing the nation’s commitment to an environmentally friendly future, particularly in the development of rechargeable batteries for various electronic devices and electric vehicles.
The agreement, signed between Khanij Bidesh India Limited (KABIL) and the state-owned enterprise of Catamarca Province, Argentina, marks a historic milestone for both countries. Argentina, possessing over half of the world’s lithium reserves along with Chile and Bolivia, stands as a key partner in India’s pursuit of lithium resources.
Under the leadership of Prime Minister Narendra Modi, this marks India’s first-ever lithium exploration and mining project conducted by a government company. KABIL will spearhead the exploration and development of five lithium brine blocks, covering an extensive area of about 15,703 hectares in Argentina’s Catamarca province.
Denne historien er fra January 17, 2024-utgaven av The Business Guardian.
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