NALCO and Hindustan Copper are under a JV called ‘KABIL’

As per report by PIB India, the Ministry of Mines has created a Joint Venture (JV) comprising National Aluminium Company Ltd. (NALCO), Hindustan Copper Ltd. (HCL), and Mineral Exploration Corporations Ltd. (MECL). This joint venture is named as Khanij Bidesh India Ltd. (KABIL). 

KABIl is mandated to identify and acquire overseas mineral assets of critical and strategic nature such as Lithium, Cobalt etc. These metals are very crucial in sectors like e-mobility, renewable energy, medicine, aerospace, aviation etc.

So far, KABIL is under way with source countries like Australia, Argentina, Bolivia and Chile which are abundant sources of cited critical and strategic minerals.

KABIL aims to achieve self-reliance in those critical and strategic mineral acquirements.