OIL, OVL & KABIL sign MoU with IRH, UAE for Global cooperation in Critical Mineral supply chain
A Memorandum of Understanding (MoU) was signed between Indian entities comprising of Oil India Limited, OVL & KABIL and International Resources Holding RSC Ltd. (IRH), UAE on 10th September 2024 for global cooperation in Critical Mineral supply chain primarily with the objective of collaboration, identification, acquisition, and development of Critical Mineral projects on a global scale, including India.
Read Also : Tata Elxsi Inaugurates the ‘xG-Force’ 5G Applications Lab for Cross-Industry Digital TransformationThe Parties intend to leverage their respective expertise, resources, and networks to pursue opportunities that are mutually beneficial and to achieve operational excellence and secure a stable supply of critical energy minerals.
Read Also : Indian Bank Hosts Chief Economic Advisor, Dr V. Anantha Nageswaran at IMAGE, ChennaiUnder the terms of the MoU, the Parties will work together in a cooperative and coordinated manner and will focus on Project Identification, conducting joint due diligence, collaborate on risk management strategies and devise a long-term offtake strategy.
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