India and Australia sign MoU for critical minerals
COAL & MINING

India and Australia sign MoU for critical minerals

After meeting with their Indian counterparts, Minister for Parliamentary Affairs, Coal and Mines, Pralhad Joshi and Resources and Northern Australia Minister, Madeleine King, India and Australia on Monday stepped up their cooperation on the development of critical minerals projects and supply chains.

In a three-year, $5.8 million commitment, King announced that Australia would join the India-Australia Critical Minerals Investment Partnership. King stated that Australia and India were natural partners on critical minerals and that both nations shared a commitment to reducing emissions and promoting the use of renewable energy after his discussions with Joshi.

King said that Australia is a trusted supplier of resources and energy to India, and they build on the success of those established supply chains as Australia’s critical minerals sector grows.

Joshi said that they have recently signed an MoU between Khanij Bidesh India Ltd, and the Critical Minerals Facilitation Office (CMFO), Australia, which aims to ensure reliable supplies of Critical and Strategic Minerals to India.

The MoU involves cooperative due diligence on Australian mining assets for lithium and cobalt. The due diligence procedure would be jointly funded by CMFO and the Indian JV KABIL with an initial sum total of US $6 million. As outlined in the MoU, investment options will be looked at after the due diligence is finished and relevant projects have been identified.

After meeting with their Indian counterparts, Minister for Parliamentary Affairs, Coal and Mines, Pralhad Joshi and Resources and Northern Australia Minister, Madeleine King, India and Australia on Monday stepped up their cooperation on the development of critical minerals projects and supply chains. In a three-year, $5.8 million commitment, King announced that Australia would join the India-Australia Critical Minerals Investment Partnership. King stated that Australia and India were natural partners on critical minerals and that both nations shared a commitment to reducing emissions and promoting the use of renewable energy after his discussions with Joshi. King said that Australia is a trusted supplier of resources and energy to India, and they build on the success of those established supply chains as Australia’s critical minerals sector grows. Joshi said that they have recently signed an MoU between Khanij Bidesh India Ltd, and the Critical Minerals Facilitation Office (CMFO), Australia, which aims to ensure reliable supplies of Critical and Strategic Minerals to India. The MoU involves cooperative due diligence on Australian mining assets for lithium and cobalt. The due diligence procedure would be jointly funded by CMFO and the Indian JV KABIL with an initial sum total of US $6 million. As outlined in the MoU, investment options will be looked at after the due diligence is finished and relevant projects have been identified.

Next Story
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000