Indian state-owned miner, Coal India Limited (CIL), seems to seriously consider expanding its footprints in the foreign soil.
CIL is learnt to be eyeing entering into the Indonesian market through its wholly-owned subsidiary—Coal Videsh Limited. The mode of operations will be in collaboration with the government-owned miners in Indonesia.
CIL is in preliminary talks with some government-owned coal miners in Indonesia. However, no concrete decision is being arrived yet.
In the meantime, the Indian coal miner is also actively pursuing efforts to acquire coal assets in South Africa.
Source: CoalMint Research
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