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Milestone in India and Australia reach Critical Minerals Investment Partnership

Newdelhi:11/3/23:India and Australia have reached a major milestone in working towards investment in critical minerals projects to develop supply chains between the two countries.

The Union Minister for Coal, Mines and Parliamentary Affairs, Shri Pralhad Joshi and Minister for Resources and Northern Australia Madeleine King held bilateral talks on Friday and announced the Partnership has identified five target projects (two lithium and three cobalt) on which to undertake detailed due diligence

Ministers from the two countries have also agreed to deepen cooperation and extend their existing commitments to the India- Australia Critical Minerals Investment Partnership.

Investments under the Partnership will seek to build new supply chains underpinned by critical minerals processed in Australia, that will help India’s plans to lower emissions from its electricity network and become a global manufacturing hub, including for electric vehicles.

“The partnership between India’s KABIL and CMO Australia has reached the first mile stone in a short span of one year from signing of the MoU in March 2022 between both the organisations’ observed Minister Joshi.

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Minister King said “India’s goals to lower carbon emissions and boost electric vehicle production presents great opportunities and prospects for Australia’s critical minerals sector, for renewable exports and for building stronger supply chains.“Working together, both the nations are committed to reduce emissions, guarantee energy security and diversify global markets for critical minerals and clean technologies” added the Minister.

Australia produces almost half of the world’s lithium, is the second-largest producer of cobalt and the fourth-largest producer of rare earths. With the expected increase in global demand for low-emissions technologies over the next three decades, this partnership will go a long way towards securing mutually beneficial critical mineral supply chains.

The Minister Shri Joshi visited Western Australia in 2022 and toured Tianqi Lithium Energy’s Kwinana Lithium Hydroxide Refinery. The partnership on critical minerals has taken further momentum after the visit of Minister Joshi to Western Australia.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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