Coal India Board clears plan to set up Chile holding arm for Lithium, Copper

Coal India Ltd has approved the incorporation of an intermediate holding company in Chile to pursue opportunities in lithium and copper. The proposed overseas arm, to be wholly owned by Coal India, marks a strategic step toward diversifying into critical minerals beyond coal.

Push Into Critical Minerals

The Maharatna PSU’s board has given the go-ahead to establish a Chile-based entity focused on mining and development of lithium and copper assets. The move aligns with Coal India’s long-term strategy to expand its footprint in future-facing minerals essential for energy transition technologies.

Parameter Details

Sector Focus Mining

Target Minerals Lithium, Copper

Country Chile

Business Objective Critical mineral exploration & development

Ownership and Investment Structure

Coal India will hold 100% equity in the proposed intermediate holding company. The investment will be made through cash consideration, though the exact outlay and share subscription price will be finalized after necessary approvals.

Investment Aspect Status

Shareholding 100%

Mode of Investment Equity

Investment Amount To be decided

Approvals and Next Steps

The formation of the Chilean entity is subject to approvals from the Department of Investment and Public Asset Management (DIPAM) and the Ministry of Coal. Details such as the final name and date of incorporation will be shared once formal clearances are obtained.

Strategic Significance

Chile is one of the world’s key sources of lithium and copper, both vital for batteries, electric vehicles, and renewable energy infrastructure. Coal India’s move signals a clear intent to participate in the global critical minerals value chain, reducing reliance on coal-centric revenue streams over time.

Regulatory Disclosure

The development was disclosed under Regulation 30 of SEBI LODR Regulations, 2015, ensuring transparency with investors.