Coal India to soon name merchant banker for Australian buy

Coal India to soon name merchant banker for Australian buy

In its quest for coking coal assets, government-owned Coal India Ltd is looking at acquiring a mine in Australia and will soon appoint a merchant banker to handle the transaction. The PSU board, which will meet here on June 19, will finalise the terms of the Notice Inviting Tender (NIT).

Coal India may miss output target

Coal India may miss output target

Coal India Ltd (CIL) is envisaging an 8.5 per cent growth in production at around 660 million tonnes (mt) in 2019-20, as per its MoU with the Coal Ministry. However, it might well be an uphill task for the state-owned miner as it has recorded a near flat growth in the first two months of this fiscal.

CIL to offer 60-70 million tonnes coal in spot & forward auctions

CIL to offer 60-70 million tonnes coal in spot & forward auctions

Coal India will offer 60-70 million tonnes (MT) of coal in spot and forward auction markets this year. Despite being a little lower than last year’s offerings, premiums on auctions are expected to remain soft as the company has decided to increase contracted supplies and international coal prices have started to soften.

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