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SEP 13 2017

Coal India may diversify into mining metals

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 13th SEP 2017

 

The country’s largest miner Coal India may look at diversification of other metals like copper and nickel through overseas mines, its Director (Marketing), SN Prasad, said.

According to him, the company is firming up such plans and geographies like Africa. “We are finalising plans. We have the core competencies,” he told reporters on the sidelines of a coal conference organised by ‘mjunction’. He, however, did not elaborate further.

In an earlier instance, the company’s African subsidiary, Coal India Africana Limitada (CIAL), was granted prospecting licences for two leaseholds in Mozambique.

However, it surrendered the licences, stating that these leasehold areas were not techno-economically viable for commercial mining.

 

Tags

Corporate Ispat Alloys Ltd Coal Mozambique India

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