The source, who chose to remain anonymous due to the sensitivity of the matter, revealed that the auction is imminent and that foreign mining companies have expressed interest. The Mining Ministry did not immediately respond to a Reuters request for comment.
The source also announced this KABIL (Khanij Bidesh India Ltd), a state-owned joint venture focused on exploring for minerals abroad, is in the final stages of securing lithium blocks in Argentina. Initial discussions are also underway with the Chilean government regarding possible purchase of lithium blocks, although these discussions are still at an early stage.
Lithium in India explained: What is the significance of lithium reserves in J&K?
India, a major contributor to greenhouse gas emissions, is actively pursuing agreements with resource-rich countries such as Australia, Argentina and Chile to ensure a stable supply of crucial minerals.
Earlier this year, the Geological Survey of India (GSI) reported the discovery of 5.9 million tonnes of inferred lithium resources (G3) in the Salal-Haimana area of Reasi district of Jammu and Kashmir. This discovery is significant in the context of global efforts, including India, to transition to environmentally friendly practices.
In addition, the GSI plans to conduct further exploration activities in Jammu and Kashmir to identify additional lithium reserves. In addition, after the initial exploration in the Salal-Haimna region of Reasi district, GSI has a follow-up exploration program in the G4 phase for lithium and related minerals in the Panasa-Dugga-Baldhanun-Chakar-Sangarmarg (Saro-da-Bas) area initiated. of Reasi District during the current field season 2022-2023, which is continuously being worked on.