Monday, April 11,
Hurdles such as environmental clearance, land acquisition problem and lower investment is making domestic coal producers to scout for coal assets abroad in order to avoid the shortfall and secure their future requirement.*
Indian engineering and construction firm Punj Lloyd said on Monday, its unit, Sembawang Development, has acquired a 50 percent stake in a thermal coal mine company in central Kalimantan, Indonesia.
Without disclosing much detail, the company said in a statement that mining the firm currently holds reserves estimated at 134 million tones.
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