India's NMDC exploring coal reserves in Canada to boost steel capacity, minister says
ReutersJan 29, 2026 10:43 AM
Jan 29 (Reuters) - Indian state-run miner NMDC NMDS.NS is "actively exploring" coal reserves in Canada to boost the country's steel manufacturing capacity, India's steel minister H.D. Kumaraswamy said on Thursday.
The comments came after Kumaraswamy held a bilateral meeting with Canada's Minister of Natural Resources Tim Hodgson to deepen cooperation in critical minerals, clean mobility, advanced manufacturing and sustainable industrial development, the government said in a statement.
India wants to secure stable supplies of key raw materials such as coking coal, lithium, cobalt and rare earth elements as it expands steel production and accelerates its transition to cleaner energy, the statement added.
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