State-owned Coal India Ltd (CIL) is mulling entering into the mining of critical minerals, including lithium.
CIL plans to get a block from the government for exploration and once lithium reserves are proved, the PSU would go for mining, the official said.
Lithium is the ‘cosmic’ mineral which is needed as part of the country’s energy security plans. It is being seen as a game-changer mineral to achieve the Net Zero goals in the coming years.
CIL accounts for over 80 per cent of domestic coal production.
Apart from electric vehicles, lithium is used in medical technology, electronics industry, mobile phones, solar panels, wind turbines and other renewable technologies.
Last year, Coal and Mines Minister Pralhad Joshi launched the auction of 20 critical minerals worth Rs 45,000 crore. Of the 20 minerals put on sale, two are lithium blocks. One of the lithium blocks is in Jammu & Kashmir, while the other is in Chhattisgarh.
Tags: coal, Coal India, Lithium Batteries
Recent Posts
Zero-carbon ammonia for shipping faces challenges
Wärtsilä signs lifecycle agreement for 7 Capital Gas LNG carriers
ABS releases report on nuclear LNG carrier design
NTPC develops indigenous catalyst for methanol production
Huangpu Wenchong receives AIP from CCS for ships using methanol and ammonia
Climate change will cause India’s GDP to decline by 24.7% by 2070: ADB
Masdar and EMSTEEL complete project using green hydrogen to produce steel
DNV Grants HHI AiP for ammonia DF large container vessel