Coal India Plans JV With Indonesian Mining Company

Wall Street Journal reported that Coal India (BOM:533278) is seeking coal mining opportunities in Indonesia.

The market news is quoted as saying:

Coal India will ask for the approvals at an October meeting of a coal working group set up by the two countries, Interim Chairman Nirmal Chandra Jha said recently. He didn’t name the Indonesian company or specify the reserves of the mine that Coal India is targeting.

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