India and Mongolia to Sign Mining Cooperation Agreement
| Summary/Static | Details |
|---|---|
| Why in the news? | Mining Pact Between India and Mongolia Expected Soon |
| Agreement Type | Preliminary agreement/MoU for mining cooperation |
| Minerals of Interest | Copper, Coking Coal |
| Indian Demand | Growing demand for copper in power, construction, EVs, and for coking coal in steelmaking |
| Indian Companies Involved | Adani, Hindalco, Vedanta, JSW Steel, SAIL |
| Supply Routes | Preference for Vladivostok route (Russia) over China route |
| Mongolian Resources | Rich in copper and superior-grade coking coal |
| Strategic Importance | Reduces dependency on China, secures critical mineral resources |
| Environmental Impact | Concerns over resource extraction and environmental sustainability |
| Negotiations Ongoing | JSW Steel and SAIL in talks to import coking coal |