BILASPUR. Coal India informed Monday that it has executed a memorandum of understanding with Chhattisgarh Mineral Development Corporation (CMDC) for “exploration and exploitation” of critical minerals. The latest development is an addition to their strategy in the central Indian state wherein it had secured itself a graphite and vanadium blocks following auctions, this May.
Coal India had formally ventured into the critical minerals space in July last year after having emerged as the “preferred bidder” for Khattali Chotti graphite block in the Alirajpur district of Madhya Pradesh. Additionally, the company in the past has entered multiple non-binding exploration MoUs, including with Hindustan Copper and IREL (India).
