Coal India looking for more coalmine buys abroad

Coal India looking for more coalmine buys abroad
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First Published: Wed, Nov 25 2009. 02 04 PM IST
Updated: Wed, Nov 25 2009. 02 04 PM IST
Mumbai: State-owned Coal India Ltd is planning to make more overseas coalmine acquisitions in the US, Asia, Africa and Australia, a senior official said on Wednesday.
“We have already got 2 blocks in Mozambique having 1 billion tonnes reserve. We are now targeting the US, South Africa , Indonesia and Australia,” NC Jha, director-technical, Coal India Ltd, told reporters on the sidelines of a conference.
The coal miner has called for expressions of interest from companies to form partnerships in these countries, and has got 53 offers, and shortlisted 39 of them, he added.
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First Published: Wed, Nov 25 2009. 02 04 PM IST