State-owned Coal India (CIL) is planning to acquire coal mines in South Africa in partnership with local government amid falling prices of assets globally as it gears up to meet the 1 billion output target. It is looking at acquiring mines in partnership with the government of South Africa.
The world’s biggest coal miner had earlier decided to relinquish nearly three-fourths of the two blocks it was allotted in Mozambique for exploration and development. The decision was based on interim geological report prepared by CMPDIL - a planning subsidiary of CIL.
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.
