CIL overseas acquisition to focus of production sharing and not greenfield projects

February 15, 2017

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In a bid to mark its first success overseas, Indian major Coal India Limited (CIL) will attempt production sharing agreements through a strategic equity investment in operational coal mines rather than outright acquisition of greenfield coal blocks, as previously attempted.

Having appointed a merchant banker to aid the miner in identifying assets overseas, the mandate was to target only coking coal and low ash grade thermal coal in countries like the US, Columbia, South Africa, Australia and Indonesia.

Category: General