Khanij Bidesh India Limited (KABIL) acquires five critical mineral blocks in Argentina

Exam-focused facts from the 9 June 2026 current affairs briefing.

Key facts

Khanij Bidesh India Limited (KABIL), a joint venture of National Aluminium Company Ltd. (NALCO) and Hindustan Copper Ltd. (HCL) under the Ministry of Mines, has secured five critical mineral blocks in Argentina.
Nearly 93% of India’s critical mineral requirements are currently met through imports.
The National Critical Minerals Mission has an outlay of ₹32,000 crore to strengthen domestic capabilities and achieve self-reliance.
₹1,500 crore in incentives have been allocated to promote recycling of critical minerals.
Import duty exemptions on 24 critical minerals have been announced to support industry growth and reduce input costs.