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State-owned Coal India is looking at acquiring assets abroad.
According to Sutirtha Bhattacharya, Chairman, Coal India, the company is exploring options in Indonesia, South Africa and Australia.
While it is in talks with the Indonesian government; it has already signed an MoU with the South African government for acquisition of mines.
“We are in touch with government companies in Indonesia to see whether we can get access to coal assets. We are looking at assets in SAARC (South Asian Association for Regional Cooperation) and in other areas,” he told reporters on the sidelines of the 42nd AGM of the company.
With regard to Australia, Bhattacharya said “not much progress has happened there”.
Coal India, he said, has already surrendered licences in Mozambique and has requested the government there to give “alternative area”.
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