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Khanij Bidesh India Limited (KABIL), a associated task of 3 Central Public Sector Enterprises nether the Ministry of Mines — including National Aluminium Company Ltd. (NALCO) and Hindustan Copper Ltd. (HCL) — has secured 5 critical mineral blocks successful Argentina, with operations already underway, said Union Minister for Coal and Mines G. Kishan Reddy connected Monday (June 8, 2026).
Speaking astatine a property league successful Hyderabad, the Minister highlighted that the acquisition marks a important measurement successful India’s efforts to unafraid overseas mineral assets and trim its dense dependence connected imports. Currently, astir 93% of the country’s captious mineral requirements are met done imports, exposing cardinal industries to proviso risks.
To code this, the Centre has launched the National Critical Minerals Mission with an outlay of ₹32,000 crore, aimed astatine strengthening home capabilities and achieving semipermanent self-reliance. The ngo aligns with Prime Minister Narendra Modi’s broader imaginativeness of securing resilient proviso chains for strategical resources.
Strategic sectors which request captious minerals
Critical minerals are indispensable for high-growth and strategical sectors specified arsenic semiconductors, renewable energy, electrical mobility and defence. The Ministry has adopted a broad seven-point strategy covering exploration, mining, processing, recycling, and probe and development. To boost circular system efforts, ₹1,500 crore successful incentives person been allocated to beforehand the recycling of captious minerals, helium explained.
Extracting captious minerals from e-waste
“We are actively engaged successful collecting e-waste and extracting captious minerals from it. Auctions of mineral blocks person been accelerated and completed wrong 9 months of launching the mission,” Reddy said.
Initiative to research uncommon world elements successful 4 States
A dedicated inaugural has been launched to research uncommon world elements successful Odisha, Andhra Pradesh, Tamil Nadu, and Kerala, arsenic portion of efforts to fortify home assets availability. Odisha and Maharashtra person shown proactive information successful processing captious mineral processing capabilities. Additionally, the Centre has announced import work exemptions connected 24 captious minerals to enactment manufacture maturation and trim input costs, helium added.
