close

Mine over matter: Who will dig up India's new-found Lithium reserve?

The absence of an integrated mining policy for strategic metals and minerals and poor domestic capabilities could hinder exploitation of the recently discovered reserves

Subhomoy Bhattacharjee New Delhi
Lithium reserves
Premium

Having found a massive lithium reserve, the government has a fresh problem. Who will mine the reserves? At one level, the answer appears straightforward. India allows 100 per cent foreign investment in the mining sector, so it should be possible for an Indian company to tie up with a foreign company or the latter going solo to mine it. But this exercise is more difficult than it appears even after an expected tweak in the mining law. Faced with one setback after another in expanding the scope of mining in the country, almost all the major miners of the world have wound down their operations in India. Except Vedanta, which, too, is mired in more than one controversy. The others have representative offices but no mining operations. Rio Tinto, for instance, which had discovered large diamond nodes in Madhya Pradesh, had to withdraw due to strident opposition from civil society. The objection was that the mining, even if underground, will destroy large tracts of forest land. /
Or

Also Read

NMDC in talks to invest in lithium exploration companies in Australia

Munoth Industries in talks with Reliance Jio to test its lithium ion cells

In 'white gold' rush, India kick-starts talks with lithium-rich nations

TMSEp370: Air India, lithium reserve, defence stocks, fifth-gen fighter jet

Firms rev up plans to build massive battery storage capacity to power EVs

Indian consumer goods makers bet on rural recovery to lift profits

Exports: As services catch up with goods, should India's focus shift?

India's plan to lift curbs on solar imports to hit local production

Top 11 listed entities in Retail and QSRs opened 12 stores a day in 2022

India will have over 150 mn 5G users by 2024, 2G count falling: Report

First Published: Feb 16 2023 | 5:55 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to read more on Business-Standard.com