Courtsey news via Reauters Jan 10, 2011
State-run Coal India Limited (CIL) plans to export 10 million tonnes of coal from Mozambique to India in the next 10 years from its two mining concession blocks in the southern African country, a top official said on Jan 9.
The company would ask Mozambique for five more license blocks in a strategic bid to meet India's fast-growing domestic demand for energy. said Marinder Khurana, CIL's director for central mine planning.
They are looking at an output of 10 million tonnes of coal when operations ramp up in five years and Coal India Ltd intends to invest $400 million in the two coal blocks if exploration comes right, Khurana said.
Coal India will employ 3,000 people in Mozambique on its two blocks and will also help build infrastructure such as a railway, Khurana said.
The Indian delegation is exploring coal mining opportunities in South Africa, Zimbabwe and Mozambique, a major destination for coal-hungry companies world-wide, Jaiswal said.
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