Date | Sept 27, 2016:

Coal India (CIL) has asked for alternative coal blocks from the Mozambique government where mining could be done. The company has asked for alternative block since it did not find any commercially viable reserves in the block it was allotted a few years ago.

The company was allotted two exploratory blocks covering 224 sq km at Tete province in Mozambique in August 2009. Following this, it floated a wholly-owned subsidiary in Mozambique – Coal India Africana (CIAL) – for exploring the blocks. Initially, the validity of Coal India’s exploration licence was August 2014, but it was extended up to August 2019.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

(Source: http://www.hellenicshippingnews.com/)