CIL

Mozambique Mining: Coal India asks Mozambique for new coal prospecting blocks

Posted on September 27, 2016 by Mozambique Resources Post

The Coal India Limited Group (CIL) has asked the government of Mozambique for alternative coal blocks because it has not found coal in the blocks it was given as a concession a few years ago, the president of the group told Indian newspaper the Economic Times.

The Bad Deal Dossier: Coal India gives up majority of coal concessions in Mozambique

Posted on July 15, 2015 by Mozambique Resources Post

And the story continues. It began with Rio Tinto, but now it is Coal Indian Ltd (CIL) time as The board of directors of the Indian Group decides to dispose of three-quarters of two mining concessions it has in Mozambique, the group said in a statement issued on the Bombay Stock Exchange. The statement said that the group’s management had decided to retain 54 square kilometres of the concession area and containing coal at a depth…

Mozambique Mining Industry: Coal India quits State consortium exploring coal in the country

Posted on February 26, 2015 by Mozambique Resources Post

The Coal India Ltd group (CIL) has decided to leave the International Coal Ventures Ltd consortium (ICVL), founded by Indian state companies to acquire and explore coal assets abroad, according to a statement filed with the Mumbai Stock Exchange. In a statement, the group said only that the board of directors had decided to leave the consortium, after previously noting that remaining in that group of companies led only to an increase in cost without…

Mozambique Mining Industry: India expresses concerns over uncertainties

Posted on October 20, 2014 by Mozambique Resources Post

India is keeping close tabs on the elections in Mozambique and is ready to initiate fresh talks with the new government to further already-committed investments by Coal India Limited (CIL) and ONGC Limited in the African nation.

Global Coal Markets: India May Become World’s Largest Coal Importer

Posted on October 20, 2014 by Mozambique Resources Post

It was to be expected. India’s coal imports in September zoomed up by 19% to 16 million tons as compared to a year ago, no thanks to low output from the state-run Coal India Ltd (CIL), according to data by online trader mjunction.

Despair in India Power Plants: Gov directs miners to deliver emergency coal supplies

Posted on September 9, 2014 by Mozambique Resources Post

Coal India Limited (CIL) and Singareni Collieries Company Limited, the two government-owned and -managed coal miners, were directed on September 7 to rush coal feedstock to thermal power stations from pithead stocks using all available logistical and transportation facilities to avoid a looming power crisis, an official in the Coal Ministry said.

Mining Industry: International Coal Ventures Acquisition of Rio Tinto´s Mozambique Coal Assets

Posted on August 5, 2014August 5, 2014 by Mozambique Resources Post

The Times of India reported that International Coal Ventures (ICVL) has acquired Rio Tinto’s (NYSE:RIO) coal assets in Mozambique. The move represents a major acquisition for the coal sector. As quoted in the publication: IVCL, a joint venture of SAIL, CIL, RINL, NMDC & NTPC, had been scouting for coal assets abroad since its inception in 2009 but had failed to clinch a deal so far. With the new takeover, the steel majors will not run…

Mozambique Mining Industry: Coal India Limited to form consultants’ panel for overseas mines acquisition

Posted on June 5, 2014 by Mozambique Resources Post

Coal India plans to form a panel of consultants which would help the PSU in acquiring, developing and operating coal mines overseas. The coal major is eyeing assets abroad to meet the domestic demand.