PSU: Coal India-ONGC and NMDC will intensify exploration of minerals abroad, already working in Chile-Australia
PSU: Union Mines Secretary VL Kantha Rao, speaking on the sidelines of a workshop on offshore mining, said the Group of Secretaries (on Resources) has decided that companies including Coal India, NMDC, ONGC Videsh Ltd and others should go ahead and also focus on critical minerals abroad.
The central government said state-owned companies Coal India, ONGC Videsh Limited (OVL), and National Mineral Development Corporation (NMDC) will actively explore and mine critical minerals abroad. Coal India and NMDC are already operating in Chile and Australia.
Oil and Natural Gas Corporation (ONGC), a public company, owns OVL, a foreign investment company. In some capacity, these Public Sector Undertakings (PSUs) are already present overseas. During a workshop on offshore mining, Union Mines Secretary VL Kantha Rao stated that the Group of Secretaries on Resources had determined that companies such as Coal India, NMDC, ONGC Videsh Ltd, and others ought to concentrate on critical minerals overseas. Donate. This is a simple method. These businesses already have international business dealings.
However, Mineral Videsh India Limited (Kabil) is a joint venture of three PSUs formed for the exploration of mineral properties abroad. It is owned by three public sector undertakings, National Aluminum Company Limited. (NALCO), Hindustan Copper Limited (HCL) and Mineral Exploration and Consultancy Limited (MECL).
