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World’s Biggest Coal Miner Eyes Acquiring Canadian Lithium Microcap
['Er Velasco']
the deep dive
Coal India, the world’s largest coal miner, is considering acquiring a Chilean unit of Wealth Minerals, according to two people familiar with confidential discussions who spoke to Reuters.
An April tender sought a legal consultant to conduct due diligence on “Lithium Brine Asset(s) of Wealth Minerals Chile SpA (Chile) in Chile.”
Coal India enters those negotiations from the opposite end of the mining industry.
The company produced 768.19 million tonnes of coal during its fiscal year ended March 2026, compared with 781.06 million tonnes a year earlier.
Reuters previously reported Coal India was scouting lithium opportunities in Chile and Argentina as early as 2024.