"KHANIJ BIDESH INDIA LTD. (KABIL) - A joint venture company between National Aluminium Company Ltd.(NALCO), Hindustan Copper Ltd.(HCL) & Mineral Exploration And Consultancy Ltd. (MECL)"

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Khanij Bidesh India Limited (KABIL), is a Joint Venture Company among the three Government Enterprises: National Aluminium Company Ltd. (NALCO), Hindustan Copper Limited (HCL) and Mineral Exploration & Consultancy Limited (MECL), in the ratio of 40:30:30, under the aegis of Ministry of Mines, Government of India, formed to ensure supply side assurance of critical and strategic minerals and mineral security of the nation. KABIL was Incorporated on 08.08.2019 under the companies Act 2013.

Authorized capital of the KABIL is INR. 500 crore & Paid up capital is INR. 100 crore as equity investment by the three promoters in the JVC.

KABIL Authorized and Paid Up Capital details with logos of NALCO , HCL & MECL.

Amongst the three promoters, NALCO is one of the largest integrated primary producers of aluminum in Asia, HCL is India’s only vertically integrated copper producer whereas MECL is one of the largest mineral exploration agency of India.

A combined work-force of the promotors is around 7800 full-time employees with expertise ranging across Geology & Exploration, Mining, Mineral Processing & Metallurgy, other Core Engineering sectors. Combined market capital is approx. US $3 Billion with an authorized capital of $37 Million.

Currently, KABIL is focusing on identifying and sourcing battery minerals like Lithium and Cobalt and actively pursuing with several sourcing countries for acquisition of overseas mineral assets.

The Formation of KABIL

The Planning Commission of India (now NITI Aayog) in the report published in 2011, highlighted the need for the assured availability of mineral resources for the country’s industrial growth, with a clear focus on the well-planned exploration and management of already discovered resources.

The report described a separate group outlining 12 minerals and metals as strategic minerals which include: Lithium (Li), Cobalt (Co), Germanium (Ge), Indium (In), Beryllium (Be), Niobium (Nb), Selenium (Se), Gallium (Ga), Tantalum (Ta), Tungsten (W), Bismuth (Bi) and Tin (Sn), which are critical raw materials for various strategic sectors but have meagre resource base in the country.

Expedited exploration, overseas mineral acquisition, resource efficiency, recycling of minerals, and finding substitutes through suitable R&D was recommended in the report.

With a view of making the country self-reliant in the areas of strategic minerals and fulfilling the "Make in India" drive launched by Government of India, formation of a separate company for identification of sources of the strategic and critical minerals in overseas countries, exploration, acquisition, development, processing, and sourcing to India, under the aegis of the Ministry of Mines, Government of India was planned.

This Joint Venture Cum Shareholders' Agreement was made on 1st August 2019 at New Delhi. Khanij Bidesh India Limited (KABIL) was incorporated on 8th August, 2019 under the companies act 2013.