Business

CIL to enter new mining areas: Official

| | Kolkata

Coal India is planning to diversify into new mining areas although it believes the fossil fuel to remain as the primary source of power generation for at least the next two decades, a company official has said.

“We do not want to be known as just a coal company. We want to diversify. We want to enter into metal mining like iron ore, bauxite and also plan to acquire some mines...Do mining activities abroad in the field of copper and nickel,” Coal India director (marketing) S N Prasad said at a coal seminar.

“We have core competence in mining and with this we want to diversify. Mining is the strength of the company and metal mining industry is one of this,” he said. The process of identifying the areas is underway, he added. Diversification into mining of other minerals could be done to lower the import bill of the country.  

 
 
 
 
 

TOP STORIES

Sunday Edition

View All

Myanmar Army‚Äôs admission of killings a ‚Äėpositive step‚Äô: Suu

14 Jan 2018 | AFP | Yangon

Myanmar’s civilian leader Aung San Suu Kyi has welcomed an unprecedented army admission that security forces carried out extra-judicial killings of Rohingya Muslims as a “positive step”, state-backed media reported on Saturday. After months of staunch denials of abuse, the army on Wednesday said a probe found four members of the security forces helped kill 10 Rohingya militant suspects at Inn Din village on September 2, leaving their bodies in a...

Read More

STATE EDITIONS

View All

66 street children enjoy Gwalior Fair

20 Jan 2018 | PNS | Gwalior

It was a pleasing sight on Friday to witness 66 street children, accompanied by the District Collector and other officials at the Gwalior fair. The children enjoyed the visit, gazing at the stalls selling local produce and crafts...

Read More

Page generated in 0.2855 seconds.