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KABIL Secures 5 Critical Mineral Blocks in Argentina Under National Mission with ₹32,000 Cr Outlay

Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
08 Jun 2026
~2 min
Source: The Hindu
Key Data:93%₹32,000 crore₹1,500 crore5 blocks24 minerals
Bodies:KABILMinistry of MinesNALCOHindustan Copper Ltd.
Practice MCQs from today's news ▸
What This Article Covers

1.Khanij Bidesh India Limited (KABIL), a JV of NALCO, HCL, and others under the Mines Ministry, has acquired five critical mineral blocks in Argentina.

2.The acquisition supports the National Critical Minerals Mission (₹32,000 crore outlay) aimed at reducing India's 93% import dependence on critical minerals for strategic sectors.

3.The government has also announced a ₹1,500 crore incentive for recycling, import duty exemptions on 24 minerals, and exploration of rare earth elements in four states.

The Big Picture
Prelims · HighMains · Medium

India's state-owned KABIL has acquired five critical mineral blocks in Argentina, a strategic move to reduce import dependence of 93% and secure supply chains for sectors like defence and EVs. This is backed by the National Critical Minerals Mission with a ₹32,000 crore budget, marking a significant step in India's resource security strategy.

Exam Lens

Quick Exam Facts From News

Import Dependence93%
Mission Outlay₹32,000 crore
Recycling Incentive₹1,500 crore
Blocks Acquired5
Duty Exempted Minerals24

1-Minute Revision

  • ›Import Dependence: 93%
  • ›Mission Outlay: ₹32,000 crore
  • ›Target this Data: 93% import dependence on critical minerals; ₹32,000 crore outlay for National Critical Minerals Mission.
  • ›Target this Nodal Body: Khanij Bidesh India Limited (KABIL) – Joint Venture under the Ministry of Mines.
  • ›Target this Legal Point: Import duty exemptions granted on 24 critical minerals to support industry.

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Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Khanij Bidesh India Limited (KABIL), mentioned in the news, is a joint venture under which Union Ministry?

Q2Statement-basedHard

Consider the following statements regarding the National Critical Minerals Mission:

1. It has an outlay of ₹32,000 crore to strengthen domestic capabilities.

2. It includes a ₹1,500 crore incentive to promote the recycling of critical minerals.

3. The mission aims to reduce India's import dependence on critical minerals, which is currently around 70%.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the article, what is the total financial outlay announced for the National Critical Minerals Mission?

Q4Application/ImpactMedium

What is the primary strategic objective behind KABIL's acquisition of critical mineral blocks in Argentina?

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