Coal India To Explore Mining Critical Minerals, Including Lithium

In a strategic move, the state-owned Coal India (CIL) is considering venturing into the mining of critical minerals, with a focus on lithium, a key component for India's energy security. The announcement was made by CIL Technical Director B. Veera Reddy, who revealed the company's plans during a press briefing.

Reddy outlined CIL's intention to obtain a mining block from the Government of India for exploration purposes. Once the presence of lithium is confirmed through exploration, CIL aims to proceed with full-scale mining operations. 

He emphasised that CIL, with its extensive expertise in coal mining, is well-positioned to redirect its resources towards the extraction of critical minerals.

"We have expertise in coal mining and can divert our resources for mining of critical minerals," stated Reddy, expressing confidence in CIL's ability to successfully undertake the mining of critical minerals, including lithium.

Lithium holds significant importance in India's energy security strategy, particularly as the nation strives to achieve Net Zero emissions by 2070. The versatile mineral is widely utilised in various industries, such as electric vehicles, medical technology, electronics, mobile phones, solar panels, wind turbines, and other renewable technologies.

Highlighting the broader context, last year saw the launch of an auction of 20 blocks of critical minerals valued at Rs 45,000 crore by Coal and Mines Minister Pralhad Joshi. Among these blocks, two are specifically designated for lithium exploration and extraction.

The move aligns with India's increasing focus on securing a sustainable and diverse supply of critical minerals to support its burgeoning green and renewable energy initiatives. As the demand for lithium continues to rise, driven by the rapid growth of electric vehicles and renewable technologies, CIL's exploration and potential mining efforts could contribute significantly to India's self-reliance in this crucial sector.

The decision to diversify into critical mineral mining underscores the adaptability of India's state-owned enterprises and their commitment to playing a pivotal role in the country's energy transition and sustainability goals. The success of CIL in extracting lithium could not only bolster India's energy security but also contribute to the global push for cleaner and more sustainable sources of energy.