1 week ago
Coal India sets up Singapore unit for critical minerals
Coal India is a large company that mainly produces coal.
It has created a new company in Singapore called CIL Global Pte Ltd.
This new company will look for important minerals in other countries.
These minerals include lithium, nickel and cobalt.
They are used in clean-energy equipment, phones and defence products.
Coal India also wants to invest in renewable energy, battery storage and power generation.
The Indian government is encouraging these efforts to reduce dependence on imports.
The company has already formed partnerships in India to explore copper and other critical minerals.
Coal India has established CIL Global Pte Ltd in Singapore as a wholly owned subsidiary.
The unit will seek, develop and manage overseas critical-mineral assets and investments.
The move represents Coal India’s major effort to diversify beyond coal and fossil fuels.
The company is exploring opportunities in critical minerals, renewable energy, coal gasification, power generation and battery storage.
India is pursuing mining reforms and domestic production to reduce reliance on imported minerals, particularly from China.
- Who
- Coal India Ltd, through its wholly owned subsidiary CIL Global Pte Ltd.
- What
- It established a Singapore-based unit to acquire, explore, develop and manage overseas critical-mineral assets.
- Where
- The subsidiary is based in Singapore and will pursue assets overseas, including in mineral-rich South American countries.
- When
- The establishment was reported alongside 2025 partnerships and mining reforms described as occurring in 2026; no exact setup date was given.
- Why
- To diversify beyond coal, manage international investments and help secure minerals needed for renewable energy, defence and telecommunications while reducing import dependence.
Key facts
- Subsidiary
- CIL Global Pte Ltd
- Ownership
- Wholly owned by Coal India Ltd
- Base
- Singapore
- Target assets
- Overseas critical-mineral assets
- Minerals cited
- Lithium, nickel and cobalt
- Existing partnerships
- Hindustan Copper Ltd and Chhattisgarh Mineral Development Corporation
- Strategic goal
- Diversification and reduced dependence on imported critical minerals
Quotes
B. Sairam
Coal India’s chairman and managing director
“Coal India enters this next phase from a position of strength. We have a strong resource base, an expanding project pipeline, healthy financials and a clear strategy for future growth. Alongside strengthening our core business, we are creating new opportunities across coal gasification, critical minerals, renewable energy, battery storage and power generation. These initiatives are gradually broadening the company's growth platform while remaining aligned with national priorities.”
livemint.com
Sources
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