International Coal Ventures in talks to acquire stake in a US coal producing major, reports CNBC-TV18, quoting sources. This stake purchase would help the organization in accessing mining concessions in the US. For full story, click here
By the middle of 2010, Coal India Ltd may enter into joint ventures with global majors as well as domestic companies for resuming mining at 18 abandoned mines for which it had invited expressions of interest in 2008. For full story, click here
Coal India Ltd. hopes to float joint ventures for extracting coal from abandoned mines by the middle of 2010. Bids for the joint ventures are likely to be in placed by end of the current calendar. Mr Partha S Bhattacharyya, chairman CIL, declared: The JVs for extracting coal from abandoned mines will be in place [...]
International Coal Ventures, the special purpose vehicle of five leading PSUs to scout coal properties abroad will close acqusition of four mining blocks in Mozambique with estimated reserves of 900 million tonnes. For full story, click here
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