KABIL India to sign contracts in Argentina for two lithium and a copper mine.

Two lithium mines and a copper mine within Argentina have been targeted by India for potential purchase or long term leasing. A senior official from the Mining Ministry stated to media

Mining Contracts

Officials from the ministry claim that KABIL will have the ownership (or lease rights. In the instance of an acquisition as well as equity infuse) of all 3 mines

Following an initial evaluation, KABIL showed interest in collaborating with a government organisation.

Lithium Mining Process

Lithium is discovered in cedemine rock formations and also in brine, or salar as it’s termed in Latin America.

The liquid form is another option. Lithium is usually extracted through salt flats in South America through injecting brine onto ponds.

Argentina has already seen significant investment in the industry from overseas players, notably companies with Chinese backing