In a groundbreaking move, Khanij Bidesh India Limited (KABIL) has signed a pivotal Exploration and Development Agreement with CAMYEN, a state-owned enterprise of Argentina’s Catamarca province. The agreement grants KABIL exclusive rights for the exploration and mining of five lithium blocks in Argentina, marking a significant stride in securing a stable supply of lithium, a crucial component for the booming electric vehicle industry.
The virtual signing ceremony witnessed the presence of Shri Pralhad Joshi, Hon’ble Minister of Parliamentary Affairs, Coal, and Mines, along with Shri. V. L. Kantha Rao, Secretary, Ministry of Mines, Government of India. H.E Raul Jalil, Governor of Catamarca Province, Argentina, and other senior officials from CAMYEN graced the occasion. Shri. Dinesh Bhatia, Ambassador of India to Argentina, also participated, highlighting the diplomatic importance of the collaboration.
This strategic move not only fortifies the bilateral relations between India and Argentina but also plays a pivotal role in fostering sustainable development within the mining sector. The agreement positions KABIL as a key player in the global lithium market, contributing to the advancement of clean energy technologies and economic cooperation between the two nations.