CIL to Sign with South African Government in 2013 for Subsidiary

Mining Weekly reported that CIL intends to sign an agreement with the South African government of South Africa early in 2013 to form a wholly owned subsidiary in the country.

As quoted in the market report:

According to senior officials in the Coal Ministry, CIL’s South African subsidiary would be the key driver for exploration and mining in coal blocks that would likely be secured through government-to-government deals.

To view the whole Mining Weekly report, click here.