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Consultant picture (Reuters photograph)
MELBOURNE: Indian companies have begun scouting for alternatives in Australia for uncommon earth and different excessive worth minerals as the federal government seems to be to construct a robust electronics manufacturing base within the nation.
Sources stated that Khanij Bidesh India Ltd (KABIL), a public sector firm, will probably be sending a group within the coming weeks with some potential tasks recognized in Western Australia and different components of the nation. The transfer follows a current initiative with Australia’s Crucial Minerals Facilitation Workplace (CMFO). Final week, it signed an MoU with KABIL to hold out joint due diligence for choose tasks to determine lithium and cobalt mineral belongings in Australia.
KABIL has been tasked with figuring out and buying strategic mineral belongings abroad at a time when nations are looking for such sources to fulfill the ever-growing demand for digital items in addition to batteries and different elements for the renewables items trade.
Whereas China has taken a lead in buying a number of excessive worth minerals, there are belongings which can be nonetheless obtainable in Australia, sources stated. Some non-public mines are on the radar, though there are a number of different alternatives within the nation, a senior Indian authorities official advised TOI.
Given the geo-strategic issues, Australia is in search of to strengthen its relationship with India following heightened considerations over its engagement with China.
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