Shifting Gears: Coal Giant CIL Explores Lithium Mining

Coal India Limited (CIL) is exploring the possibility of expanding its mining operations to include critical minerals such as lithium. The state-owned enterprise intends to seek approval from the government to acquire a mining block and conduct exploratory activities. Upon successful confirmation of lithium deposits, CIL plans to proceed with mining operations.

Drawing on its established expertise in the mining sector, CIL aims to reallocate its resources toward the extraction of critical minerals, particularly lithium. Recognizing the pivotal role of lithium in India's energy security strategy and its commitment to achieving net-zero goals by 2070, CIL is strategically positioning itself to contribute to these objectives.

In a significant move, last year, the Minister of Coal and Mines, Pralhad Joshi, initiated the auction of 20 blocks containing critical minerals valued at Rs 45,000 crore. Notably, two of these blocks are specifically earmarked for lithium mining, reflecting the growing importance of lithium in the country's strategic resource planning.

Lithium, a key component in various industries, is anticipated to play a crucial role in India's transition to renewable energy sources. Beyond its use in electric vehicles, lithium finds applications in medical technology, the electronics industry, mobile phones, solar panels, wind turbines, and other renewable technologies.

CIL's strategic shift towards mining critical minerals aligns with the broader national agenda of fostering sustainability and achieving energy independence. This forward-looking approach positions CIL to contribute significantly to India's evolving energy landscape and technological advancements.

News by Rahul Yelligetti