Brazil’s CBL invites SCCL to partner in lithium exploration in South America
Brazil’s mining giant Companhia Brasileira de Lítio (CBL) has invited Singareni Collieries Company Limited (SCCL) to partner in lithium exploration
By Newsmeter Network
Brazil’s mining giant Companhia Brasileira de Lítio (CBL) has invited Singareni Collieries Company Limited (SCCL) to partner in lithium exploration
Hyderabad: Brazil’s mining giant Companhia Brasileira de Lítio (CBL) has invited Singareni Collieries Company Limited (SCCL) to partner in its extensive lithium exploration in South America.
The proposal was mooted during a high-level meeting held on Wednesday at Singareni Bhavan, where a Brazilian delegation met with Singareni’s Chairman and Managing Director, Dr. Budhaprakash Jyoti.
The delegation from CBL, led by Board Director Daniel Leme and CEO Vinicius Alvarenga, presented a detailed roadmap of their ongoing and future projects in Brazil. They emphasized that lithium has evolved into a "critical mineral" of global strategic importance, particularly for the electric vehicle (EV) and renewable energy sectors.
CBL representatives highlighted:
Strategic Synergy: A partnership with Singareni would be a "bright and promising" venture given Singareni's robust infrastructure and growing appetite for diversifying into critical minerals.
Global Expansion: CBL is also engaging with other top Indian firms to create a robust supply chain for lithium, aiming to reduce global dependency on single-source markets.
Commercial Viability: They provided data on the high profitability and market demand for lithium, often called "White Gold."
Singareni’s response
Representing the Indian side, Director (Projects & Planning) K Venkateswarlu and Director (Personnel & Finance) Gowtham Potru showcased Singareni’s 130-year legacy and its recent shift toward sustainable energy and non-coal minerals.
While the invitation marks a significant milestone for the state-owned company’s global ambitions, Singareni officials maintained a pragmatic stance. They stated that the company will conduct a comprehensive evaluation of:
Technical Feasibility: Assessing the mining conditions in Brazil versus Singareni’s current expertise.
Financial Viability: Ensuring the partnership yields long-term profitability for the state exchequer.
Strategic Risk: Evaluating the geopolitical and commercial landscape of South American mining.
Why was Singareni Colleries chosen for Brazil?
The timing of this invitation is no coincidence. Brazil holds some of the world’s most cost-effective and high-purity lithium deposits. For Singareni, this represents a lifecycle shift from being a `Coal King' to a `Green Energy' player.
Furthermore, Singareni has already shown intent in this space by signing a ₹2,250 crore MoU with Hyderabad-based startup Altmin to establish a lithium refinery in Telangana. A direct stake in Brazilian mines would secure the raw ore needed to feed such domestic refineries, completing a "Mine-to-Market" strategy for India.
