Coal India is reportedly looking to diversify into other metals like copper and nickel through overseas mines. The company is firming up such plans and geographies like Africa.
In an earlier instance, the company’s African subsidiary, Coal India Africana Limitada (CIAL), was granted prospecting licences for two leaseholds in Mozambique.
Coal India, along with a consortium of Fertilizer Corporation of India (FCIL), GAIL and Rashtriya Chemicals and Fertilizers, is also looking to revive the sick plant of FCIL’s Talcher unit.
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.
