State owned, Coal India has proposed an ad-hoc provision of Rs 35,000 crore for acquisition and development of mines abroad by 2017. Of the total amount, Rs 25,000 crore has been simply earmarked for acquisition and development of coal blocks in other countries like South Africa, Indonesia, Australia, USA and Columbia.
While, remaining amount has been set aside for exploration and development of two allotted coal blocks in Mozambique during the 12th Five-Year Plan (2012-17) and creation of logistic infrastructure there.
Out of the proposed investment/ capital outlay of Rs 25,400 crore for the Twelfth Five Year Plan, Rs 11,385 crore has been set aside for ongoing projects, Rs 2,491 crore for new projects and a sum of Rs 7,039 has been kept aside for non-mining projects.
