Coal India (CIL), the world’s largest coal miner by output, has decided to relinquish CIAL’s leasehold license areas of 170 sq. Km in Mozambique. Coal India Africana (CIAL), a 100% subsidiary of CIL in Mozambique was allotted two leasehold licences for extraction of coal of approx. 224 sq. Km in Tete, province of Mozambique.
On the basis of Interim Geological Report prepared by CMPDIL, a 100% planning subsidiary of CIL, the board has approved to retain 54 sq. km of leashold licence area which will be of actual interest with coal bearing horizon occurring within 500 mtr depth and relinquish the remaining 170 sq. km area out of total leasehold licence area of 224 sq. Km.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
