Reuters / Updated: Mar 22, 2024, 11:58 IST
AA
Text Size
- Small
- Medium
- Large
NEW DELHI:
Iron ore miner
NMDC Ltd is exploring
lithium assets
in
Africa
and
Australia
and is currently in negotiations, a source with direct knowledge of the matter said on Friday.
“We are a government company and we want to use the reservation route instead of auctions,” the source said, referring to taking over a mining block by being nominated to do so by the government.
NMDC
did not immediately respond to a Reuters request for comment.
In June last year, Reuters reported that NMDC’s unit Legacy Iron Ore had signed a lithium exploration pact with Australia’s Hancock Prospecting Pty Ltd.
Additionally, NMDC is seeking lithium
blocks
from the
Indian government
on a nomination basis, according to the source.
NMDC shares were down 1.6% on Friday.
End of Article
FOLLOW US ON SOCIAL MEDIA