In a bid to secure supply, the government of India and Australia would be working to identify companies in Australia in the critical mineral space for acquisition.
“We expect to identify these companies in the next few months. We are willing to offer the opportunities to our private companies after having done due diligence,” said Vivek Bharadwaj, secretary, ministry of mines, government of India. Bharadwaj was speaking on the sidelines of the Global Mining Summit organised by CII in partnership with the ministry of mines and coal.
As part of the Comprehensive Strategic Partnership between the two countries in June 2020, Australia’s Department of Industry, Science, Energy and Resources and India’s Ministry of Mines had signed a memorandum of understanding