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Coal India gets nod to ink pact with AEMFC for acquisition of coal mines

29 Aug 2016 Evaluate

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. 

Coal India Share Price

464.35 8.00 (1.75%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 464.35
NMDC 86.79
GMDC 662.90
Sandur Manganese 234.65
MOIL 307.60
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