Coal India enters into MOUs with Russian entities

05 Sep 2019 Evaluate

Coal India has entered into memorandum of understandings (MOUs) with two Russian entities in the areas of coking coal mining.

The MoU with Far Eastern Mining Company (FEMC), Russia is to form a joint working group in order to explore, identify, source, deliberate, negotiate and consummate mutually beneficial investment opportunities in the mining sector in the Russian Far East.

Besides, the MoU with Far Eastern Agency for Attracting Investments and Supporting Exports (FEAAISE) is to cooperate in their activities for mining coking coal in the Russian Far East and Arctic Region.

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

217.15 -4.60 (-2.07%)
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