India revives talks with Zambia to invest in critical minerals, sources say
NEW DELHI: India has resumed talks with Zambia to explore investment opportunities in copper and other critical minerals, two sources said, as New Delhi looks increasingly overseas for raw materials to meet rising demand from its rapidly growing economy. Officials from India’s Ministry of Mines held preliminary discussions with Zambian officials on August 26, the two people familiar with the talks said, requesting anonymity because the discussions were confidential. One of the sources said the two sides did not discuss a stalled project that had halted talks earlier. Reuters reported in April that talks between India and Zambia had stalled over a lack of assurances from Lusaka on mining rights for an area of 9,000 square kilometres (3,475 square miles) awarded to India last year. India’s Ministry of Mines did not respond to a Reuters request for comment. A spokesperson for Zambia’s Ministry of Mines said they could not confirm anything for now. India’s state-backed infra fund secures $2bn commitment from global, local investors Khanij Bidesh India Ltd, India’s main vehicle for securing critical mineral supplies overseas, is also evaluating investment opportunities in Australia, Bra
NEW DELHI: India has resumed talks with Zambia to explore investment opportunities in copper and other critical minerals, two sources said, as New Delhi looks increasingly overseas for raw materials to meet rising demand from its rapidly growing economy. Officials from India’s Ministry of Mines held preliminary discussions with Zambian officials on August 26, the two people familiar with the talks said, requesting anonymity because the discussions were confidential. One of the sources said the two sides did not discuss a stalled project that had halted talks earlier. Reuters reported in April that talks between India and Zambia had stalled over a lack of assurances from Lusaka on mining rights for an area of 9,000 square kilometres (3,475 square miles) awarded to India last year. India’s Ministry of Mines did not respond to a Reuters request for comment. A spokesperson for Zambia’s Ministry of Mines said they could not confirm anything for now. India’s state-backed infra fund secures $2bn commitment from global, local investors Khanij Bidesh India Ltd, India’s main vehicle for securing critical mineral supplies overseas, is also evaluating investment opportunities in Australia, Bra
