{"id":4368,"date":"2019-08-05T06:34:30","date_gmt":"2019-08-05T06:34:30","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=4368"},"modified":"2019-08-05T06:34:32","modified_gmt":"2019-08-05T06:34:32","slug":"kabil-set-up-to-ensure-supply-of-critical-minerals","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/kabil-set-up-to-ensure-supply-of-critical-minerals\/","title":{"rendered":"KABIL Set up to Ensure Supply of Critical Minerals"},"content":{"rendered":"\n<p>A joint venture company namely Khanij Bidesh India Ltd. (KABIL) is to be set up with the participation of three Central Public Sector Enterprises namely, National Aluminium Company Ltd.(NALCO), Hindustan Copper Ltd.(HCL) and Mineral Exploration Company Ltd. (MECL). The Minister of Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi said that the objective of constituting KABIL is to ensure a consistent supply of critical and strategic minerals to Indian domestic market. While KABIL would ensure mineral security of the Nation, it would also help in realizing the overall objective of import substitution, he said.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/current-affairs-quiz-2019-daily-gk\/\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs Quiz 2019<\/a><\/strong><\/p>\n\n\n\n<p>The sustained source of mineral and metal commodities is\nimperative for the transportation and manufacturing segment. Recalling the\ncommitment at the UN Climate Change Conference, Pairs, 2015, where India has\npledged to reduce greenhouse gas emissions and opting a greener mode of\ntransportation, the Minister said that the Prime Minister has been emphasizing\nupon Electric Vehicle Mobility. Shri Joshi, said therefore it is important to\nensure energy storage through batteries. Further segments like Aviation,\nDefence and Space Research also require minerals with lower weight and high\nmechanical strength. Among such twelve minerals identified as strategic\nminerals, which have meagre resource base, Lithium Cobalt are significant.<\/p>\n\n\n\n<p>The KABIL would carry out identification, acquisition,\nexploration, development, mining and processing of strategic minerals overseas\nfor commercial use and meeting country\u2019s requirement of these minerals. The\nsourcing of these minerals or metals is to done by creating trading\nopportunities, G2G collaborations with the producing countries or strategic\nacquisitions or investments in the exploration and mining assets of these\nminerals in the source countries. The new company will help in building\npartnerships with other mineral rich countries like Australia and those in\nAfrica and South America, where Indian expertise in exploration and mineral\nprocessing will be mutually beneficial bringing about new economic\nopportunities. The equity participation between NALCO, HCL and MECL is in the\nratio of 40:30:30\n\nThe joint venture agreement was signed in the\npresence of Shri Pralhad Joshi, Hon\u2019ble Minister of Mines, Coal and\nParliamentary Affairs. Shri Anil Mukim Secretary (Mines) and other senior\nofficers were also present.\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A joint venture company namely Khanij Bidesh India Ltd. (KABIL) is to be set up with the participation of three Central Public Sector Enterprises namely, National Aluminium Company Ltd.(NALCO), Hindustan Copper Ltd.(HCL) and Mineral Exploration Company Ltd. (MECL). The Minister of Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi said that the objective of constituting [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":4369,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[348],"offerexpiration":[],"class_list":["post-4368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles","tag-khanij-bidesh-india-ltd"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/4368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=4368"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/4368\/revisions"}],"predecessor-version":[{"id":4371,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/4368\/revisions\/4371"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/4369"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=4368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=4368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=4368"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=4368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}