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Advancing further with their foray into the captious minerals sector, state-owned explorer Oil India (OIL) and miner Hindustan Copper Ltd (HCL) signed an MoU connected Friday (September 19, 2025) to collaborate for exploration and improvement of captious and strategical minerals, including copper and different associated minerals.
In a associated statement, the 2 State-owned companies said the concern would “play a pivotal relation successful securing strategical mineral resources indispensable for the nation’s vigor security, concern maturation and technological advancement.
The State-run explorer has already diversified into the assemblage aft having secured a graphite and vanadium artifact successful Arunachal Pradesh successful November past year, nether tranche-IV of the auction for captious and strategical mineral blocks, and a potash and halite artifact successful Rajasthan during tranche-V this year.
In August this year, Oil India had besides inked an MoU with IREL (India) Ltd for the improvement of captious minerals. The PSU was besides identified among those expected to put arsenic portion of the National Critical Minerals Mission (NCMM), alongside Coal India, NTPC Mining, Steel Authority of India and ONGC Videsh, among others.
The cardinal government National Critical Minerals Mission was launched successful January this year, for a play of 7 years until 2030-31, arsenic portion of its quest to research and unafraid captious minerals to thrust vigor security, concern maturation and institute technological independence.
It has emerged arsenic a argumentation imperative for New Delhi, considering the planetary headwinds emanating from U.S. President Donald Trump’s tariff authorities and China’s retaliatory actions blocking the export of captious minerals.
Imperative to note, the Paris-headquartered International Energy Agency (IEA) successful their Global Critical Minerals Outlook (2025) had mentioned astir India possessing “major untapped assets potential”.
