One of the world's largest coal companies, Coal of India, is believed to have appointed advisors to help evaluate overseas coal assets

One of the world's largest coal companies, Coal of India, is believed to have appointed advisors to help evaluate overseas coal assets. The Company has consistently failed to achieve their own internal production targets since mid 2013. Additionally, environmental permitting has slowed the development of new projects. Coal of India currently boasts cash reserves of 620 billion rupees (about US$10.5 billion). Specifically, Coal India wants to either develop a new mine, or buy equity in an operational venture, to bring coking coal - used to make steel - and thermal coal for power plants back to the country. The Company has been on the hunt for assets since 2009 including failed attempts in Australia. The renewed acquisition attempt will likely focus on major coal-producing regions proximate to India with Australia once again on the radar. Read the Full Article: (VIEW LINK)


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