African copper, nickel mines on Coal India radar as miner diversifies

September 18, 2017

Responsive image

Having decided to evolve into a diversified resource major from a pure play coal miner, Coal India Limited (CIL) has identified copper and nickel mines in Africa for its maiden overseas foray into noncoal minerals. KPMG has been appointed to prepare the roadmap that will see CIL emerge as a diversified mining company by 2030, following a Rio Tinto, Vale or BHP-type model. CIL will retain coal as a core business.

Category: General