SAIL is holding discussion with the USA Government for acquiring coking coal assets in Virginia as part of its efforts to own resources and control costs.
The Virginia can also be the sustainable source of coking coal for promoter companies of International Coal Ventures (ICVL), the company formed by five member Indian consortium to buy coal assets overseas of which SAIL is also a part. The negotiations may also facilitate the business between ICVL and small and medium mining companies in Virginia by forming JV, besides exploring opportunities for greenfield locations. Virginia produces over 24 million tpa of coal.