According to the report of the parliamentary commission on the company's operations, the Indian state-owned organization Khanij Bidesh India Limited (KABIL) expects to begin extracting lithium in Argentina within the next four to five years after completing the project's feasibility study.
In 2024, KABIL signed an agreement for lithium exploration worth 2 billion rupees (equivalent to 20.92 million US dollars) for five blocks in Argentina.
Furthermore, the government of Catamarca in Argentina offered seven additional greenfield lithium brine blocks under the existing agreement, which KABIL is currently evaluating. The company is also in the process of signing a preliminary agreement with the Ministry of Production and Mining of the province of Salta, Argentina, and Energy and Mining Resources Salta SA for joint work on lithium projects in Salta.
Negotiations are also underway to acquire two greenfield lithium brine projects in the province of Jujuy.
KABIL noted delays in Argentina related to the lack of experience in working with lithium brine deposits. In Australia, KABIL conducted an assessment of two lithium projects jointly with Oil India, Coal India, and NLC India.
The commission confirmed Reuters' report that KABIL's lithium project in Mali with Uranium One Group, a subsidiary of Rosatom, was suspended due to 'recent socio-political instability.' KABIL is also negotiating with Malawi Mining Investment Company regarding critical mineral projects in Malawi.
The company is assessing investment opportunities in Brazil, Canada, Russia, Indonesia, and other countries, focusing on rare earth metals. The commission pointed out 'limited progress' in securing foreign mineral assets and 'prolonged timelines' from negotiations to actual acquisition and production.

