NMDC to do lithium mining in Australia

20 Apr 2023 , 10:46 AM

According to company executives on Wednesday, the Indian iron ore miner NMDC Ltd is looking into lithium reserves, 124.3 miles (nearly 200 km) off Perth, Australia.

On the sidelines of an industry conference in Mumbai, D K Mohanty, director of production for NMDC, told reporters, ”We are in the process of investigating (lithium) in Australia.’

A second NMDC official who was not licensed to speak to the media told ET that the firm plans to begin mining in two years and that NMDC is the primary owner of a mine in Mt Bevan, Australia.

As part of its attempts to push for the production of greener vehicles, India has been looking into ways to secure the supply of lithium, a crucial raw material required to create electric vehicle batteries, from some of the world’s top producers by purchasing foreign mines.

India discovered lithium resources for the first time in the nation in February and is preparing to put up a block for auction for mining.

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