The state-run miner, Coal India Limited (CIL), has gone a step ahead in actualizing its ambition of expanding its footprint beyond India.
The CIL board has approved a pact with African Exploration Mining and Finance Corporation SOC Limited (AEMFCL), owned by the South African government; for identification, acquisition, exploration, development and operation of coal assets in that country.
Subsequent to the approval, the matter was forwarded to AEMFCL , with a request for finalizing the date as well as a venue for signing the agreement.
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