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