Highlights

• Coal India's BCCL is pursuing rare earth mining partnerships across:
  • Australia
  • Russia
  • Argentina
  • Chile
  • Africa
• The aim is to diversify India's critical mineral supply away from China-dominated chains.
• The initiative will be financed by BCCL's $119 million IPO.
• Execution will be in collaboration with Indian public mineral entities including:
  • IREL
  • Khanij Bidesh India
  • Hindustan Copper
• This strategic move is in response to China's expanded rare earth export curbs in late 2025.
• The goal is to secure alternative sources for technologies including:
  • Electric Vehicles (EVs)
  • Defense electronics

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India’s mining behemoth Coal India Ltd (opens in a new tab) — through its coking‑coal subsidiary Bharat Coking Coal Ltd (opens in a new tab) (BCCL) — is exploring partnership opportunities in rare earth mining across Australia, Russia, Argentina, Chile, and several African countries, Reuters reports. This move comes as New Delhi seeks to diversify its critical mineral supply away from China‑dominated supply chains, especially after China expanded export curbs on rare earths in late 2025.

BCCL Chairman Manoj Kumar Agarwal (opens in a new tab) told Reuters the initiative is in early stages and will involve collaboration with Indian public mineral entities such as Indian Rare Earths Limited (opens in a new tab) (IREL), Khanij Bidesh India Ltd (opens in a new tab), and Hindustan Copper Ltd (opens in a new tab). The plan will be financed using proceeds from BCCL’s $119 million initial public offering, which was oversubscribed nearly 147 times.

Why This Matters

Rare earth elements (REEs) are essential to technologies ranging from electric vehicles and wind turbines to defense electronics and consumer devices. China still dominates rare earth refining and processing globally, making other countries vulnerable to supply shocks. India’s push into international mining partnerships signals a long‑term strategic effort to secure alternative sources and reduce dependence on Chinese supply.

Manoj Kumar Agarwal, BCCL Chairman

Strategic Context

Pairing global rare earth sourcing with domestic collaboration expands India’s supply options — a critical step given rare earths’ importance for industrial growth and national security. This is a multi‑year strategy, not an immediate production shift, marking India’s growing engagement in global critical minerals markets.