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Business News/ Companies / Coal India looking for more coalmine buys abroad
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Coal India looking for more coalmine buys abroad

Coal India looking for more coalmine buys abroad

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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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Published: 25 Nov 2009, 02:04 PM IST
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