Q. Consider the following statements:
1.Khanij Bidesh India Ltd. (KABIL) was set up with an objective to identify, explore, acquire, develop, mine, process, procure and sell strategic minerals outside India.
2.The goal of the Minerals Security Partnership (MSP) is to ensure that critical minerals are being “produced, processed, and recycled in a manner that undermines the ability of unfriendly countries to realize their full economic development.
Select the correct statements using the codes given below:
Statement 1 is correct. KABIL was set up in 2019 with an objective to identify, explore, acquire, develop, mine, process, procure and sell strategic minerals outside India. The Company is focusing on two prime critical and strategic minerals i.e., Lithium and Cobalt in the present context of Indian economy and linking it with creation of supply chain ecosystem in the country.
Statement 2 is incorrect. The main purpose of the MSP is to ensure that important minerals are being “extracted, treated, and reused in a way that helps member countries fully benefit from their geological resources and achieve economic development. It is a Us-led initiative that aims to secure supply chains of critical minerals, reducing dependency on China for critical minerals.