Indian companies plan to prospect Coal India’s coal block in Mozambique

1 December 2011

Calcutta, India, 1 Dec – Three Indian companies put forward proposals for the tender launched by Coal India Ltd (CIL) for prospecting a coal block cover 205 square kilometres in Mozambique, Indian financial newspaper the Economic Times reported.

“Mining Associates, Indu-CBS Joint Venture and Kartikeyan Pvt Ltd put forward proposals for the tender,” said AK Singh, chairman and chief executive of the Central Mine Planning and Design Institute, the technical arm of CIL responsible for the entire tender launch and award process.

Coal India Africana Limitada (CIAL), a 100 percent-owned subsidiary of the CIL group, in August 2009 was granted a five-year exploration license for two coal blocks in Tete province, Mozambique.

The group plans to start coal production in 2013/2014 in order to export it to customers in the West of India. This exploratory block has reserves estimated at 1 billion tons, 20 percent of which is coking coal. (macauhub)