3 weeks ago
Coal India Evaluates Chile Lithium Asset Acquisition for EV Supply
Coal India is a very big company that digs coal out of the ground.
Now it wants to get lithium, which is the special metal used to make batteries for electric cars.
Lithium is found in places like Chile, a country far away.
Coal India is thinking about buying a part of a Canadian company's lithium business in Chile.
Before it can do that, the Chilean government must give permission to dig for lithium.
The two companies asked for this permission in October 2025, but the wait has been long because Chile got a new government.
If the permission is granted, Coal India might buy the business or work together with the other company.
India needs lithium so it can make batteries and clean energy at home.
Getting lithium from Chile would help India depend less on other countries for important minerals.
Coal India, the world's largest coal producer, is evaluating the acquisition of a Chile-focused lithium mining unit owned by Canada-based Wealth Minerals.
Coal India and Wealth Minerals' Chilean subsidiary Kuska Minerals jointly applied for a lithium extraction licence from the Chilean government in October 2025.
Any acquisition decision will be made only after the mining licence is granted, and a joint venture with Wealth Minerals remains possible.
The licence process has faced delays due to a change in government in Chile.
Chile holds the world's third-largest lithium resources at 13 million metric tonnes, and India obtained its first overseas lithium rights in Argentina in 2024.
- Who
- Coal India, Wealth Minerals and its Chilean subsidiary Kuska Minerals, and the Chilean government
- What
- Coal India is evaluating the acquisition of Wealth Minerals' Chile-focused lithium mining unit and has applied for a lithium extraction licence
- Where
- Chile
- When
- The licence application was submitted in October 2025; the evaluation is ongoing
- Why
- To help India secure lithium supplies for electric vehicle batteries, renewable energy storage and clean technology, reducing dependence on China-dominated supply chains
Key facts
- Companies Involved
- Coal India, Wealth Minerals (Canada), Kuska Minerals (Chile)
- Deal Status
- Evaluating acquisition; decision only after mining licence granted
- Licence Application Date
- October 2025
- Licence Delay Reason
- Change in government in Chile
- Chile's Lithium Resources
- Third-largest in the world, estimated at 13 million metric tonnes
- India's First Overseas Lithium Venture
- Five exploration and mining blocks in Argentina (2024)
- Other Wealth Minerals Projects
- Two additional lithium projects in Chile










