Coal India eyes mines in Australia
Kolkata: A board-level committee at Coal India (CIL) will meet next week to decide the way ahead on select acquisition proposals in Australia.
The Indian miner recently entered into non-disclosure agreements with two Australian coal companies for due diligence of a number of thermal coal assets. As part of a global practice, companies enter into non-disclosure agreements to exchange classified information.
The board level sub-committee on foreign acquisitions will meet next week to decide whether the proposals are to be discussed at the board meeting, a CIL source said. The official, however, clarified that the proposals were still in the nascent stage.
Following a dreadful washout in the four-State Assembly polls, a humbled Congress accepted its defeat and called for a much needed introspection to rethink their strategy ahead of the 2014 Lok Sabha polls.
Date 08-12-13, Duration 2:49, Views 618