SS: India looks to advance into Mongolia to secure coking coal and critical minerals – like copper and rare earth elements – sidestepping the Chinese wall.
According to senior officials, joint working groups have been set up with the Mongolian embassy to explore the possibility of collaborating with this land-locked Central Asian nation. However, the evacuation of minerals continue to be the area of concern, specially when most of the alternatives are being routed through China.
India is apparently unwilling to route its evacuation processes through China in any manner. Alternative routes through Russia are being explored, multiple officials aware of the on-going discussions told businessline.
Officials from the Mongolian embassy and the government there have already reached out to at least two Ministries – Steel and Mines– here with “proposals”.
According to one of the officials, the coking coal supply has been an area that has been under discussion for some time now; and a proposal was discussed last year.
A key feedstock material in steel-making, India – the second largest steel-maker globally – is dependent on coking coal imports primarily from Australia, the USA and Russia.
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SS: India looks to advance into Mongolia to secure coking coal and critical minerals – like copper and rare earth elements – sidestepping the Chinese wall.
According to senior officials, joint working groups have been set up with the Mongolian embassy to explore the possibility of collaborating with this land-locked Central Asian nation. However, the evacuation of minerals continue to be the area of concern, specially when most of the alternatives are being routed through China.
India is apparently unwilling to route its evacuation processes through China in any manner. Alternative routes through Russia are being explored, multiple officials aware of the on-going discussions told businessline.
Officials from the Mongolian embassy and the government there have already reached out to at least two Ministries – Steel and Mines– here with “proposals”.
According to one of the officials, the coking coal supply has been an area that has been under discussion for some time now; and a proposal was discussed last year.
A key feedstock material in steel-making, India – the second largest steel-maker globally – is dependent on coking coal imports primarily from Australia, the USA and Russia.