CIL Moves to Pick Majority Stakes in 2 Australian Coal Mining Firms

摘要

Coal major CIL plans to pick majority stakes in two Australian companies for over US$4 billion (about 23,000 crore), a move. that will enable it import 28 million tonnes high quality thermal coal a year. The two companies boast annual output of 12 million tonnes and 16 million tonnes, respectively. Coal India has sent the proposal regard to the company's foreign acquisition committee, a senior official of the coal ministry told newspersons June 17th.