News Brief
Coal India Eyes Argentina’s Lithium Brine Assets In Strategic Diversification Into Critical Minerals
Lithium Brine Project (Representative Image)
State-run Coal India Ltd (CIL) has reportedly identified Argentina as a key target in its diversification strategy, particularly for lithium brine assets.
Acknowledging the strategic importance of minerals like lithium, nickel, and cobalt, Coal India, a Maharatna company, has begun exploring opportunities in resource-abundant countries, including Argentina, Australia, and Chile.
"The state-owned mining behemoth has invited expressions of interest (EoI) from experienced consultants to conduct technical due diligence on lithium brine assets in Argentina," a senior Coal India official was quoted as saying by news agency PTI.
The selected consultant will undertake due diligence, an initial review process to assess the financial, strategic, and geological viability of the identified assets, the official added.
Lithium brine, a concentrated salt solution rich in dissolved lithium and other minerals, is highly sought after for lithium-ion batteries, particularly as demand for electric vehicles continues to rise.
Coal India’s move into critical minerals is part of its strategy to reduce dependence on coal and align with global efforts emphasising clean energy technologies.
Last year, the government listed 30 minerals, including lithium, nickel, titanium, vanadium, and tungsten, as critical for advancing clean energy adoption.
Through its entry into the critical minerals sector, Coal India seeks to establish a sustainable supply chain, aiding India’s green energy transition and enhancing its global footprint.
Argentina’s abundant lithium reserves position it as a cornerstone of Coal India’s critical minerals strategy, marking a key step in the company’s diversification efforts.
Last week, Coal India Limited (CIL) and IREL (India) Limited signed a non-binding Memorandum of Understanding (MoU) to collaborate on critical minerals development.
"This partnership aims to foster the development of critical minerals such as mineral sands and rare earth elements (REE). The two companies will join forces to acquire assets, source raw materials from domestic and international markets, and establish mining, extraction, and refining capabilities," the CIL official said.
