India, Australia to identify companies in critical mineral space

In the critical minerals space, Australia is the world's largest producer of lithium and the second largest producer of rare-earth elements

In a bid to secure supply, the government of India and Australia would be working to identify companies in Australia in the critical mineral space for acquisition.

“We expect to identify these companies in the next few months. We are willing to offer the opportunities to our private companies after having done due diligence,” said Vivek Bharadwaj, secretary, ministry of mines, government of India. Bharadwaj was speaking on the sidelines of the Global Mining Summit organised by CII in partnership with the ministry of mines and coal.

As part of the Comprehensive Strategic Partnership between the two countries in June