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CIL shortlists 24 firms for overseas JVs
23 February 2010: Coal India (CIL) has shortlisted 24 international mining firms as part of its plan to undertake overseas JVs for procuring coal for domestic consumption.
Currently, CIL is looking at three partnership models. First, a JV that will only explore opportunities for offtake thereby, sourcing coal at lower than the international rates over the long-term. Second, equity partnership in brown-field projects with coal offtake at a discounted price and third, a JV for greenfield projects.
The company is looking at opportunities in the US, South Africa, Australia and Indonesia.
Source: Business Standard