Coal India (CIL) has received its board’s approval to ink Memorandum of Understanding (MoU) with African Exploration Mining & Finance Corporation SOC (AEMFC), owned by the South African government, for acquisition of coal mines in that country.
Moreover, the company is considering to ink pact with a mining company owned by the government of South Africa to jointly undertake identification, acquisition and operation of coal assets in South Africa.
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.
