KABIL in Active Talks for Minerals Acquisitions with Zambia

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KABIL in Active Talks for Minerals Acquisitions with Zambia

Khanij Bidesh India Limited (KABIL), a joint venture under the Ministry of Mines, is actively negotiating with countries such as Zambia and Chile to acquire overseas mineral assets, according to Minister G Kishan Reddy.

During the launch of the 6th Critical Minerals Auction, Reddy emphasised the urgent importance of establishing a robust R&D framework in India to meet the country’s rising needs for EV batteries and renewable energy, which are projected to triple worldwide by 2030.

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He mentioned that India has invested around USD 4 billion in its National Critical Mineral Mission, far exceeding the US, which set aside only USD 1 billion for similar development.

Abhyudaya Mittal

Abhyudaya Mittal is a Content Writer at TradeFlock with 5+ years of experience in research-led writing across business journalism, tech, and finance. He has authored over 200 articles, specializing in data-driven market analysis and research-backed case studies that help readers understand how businesses actually work. His writing brings fresh angles by anticipating what a reader would be thinking at each point, ensuring no relevant detail is missed, and he holds off on conclusions until the data and metrics back them up. As a journalist, he has had firsthand experience engaging with business leaders, policymakers, and the public.