India’s CIL keen to form coal JV with S Africa’s State-owned miner
KOLKATA (miningweekly.com) – The board of Coal India Limited (CIL) has given the go-ahead for an agreement with South Africa’s State-owned African Exploration Mining and Finance Corporation (AEMFC) to acquire coal mines in that country.
A CIL official has said that the board had directed management to convey the decision to AEMFC and to seek a date for signing an official agreement.
Indian Coal and Power Minister Piyush Goyal had already informed Indian Parliamentarians of the government-owned and -operated CIL’s keenness to tie up with the South African government-owned mining company to acquire and develop coal assets in a joint venture (JV) in the African nation.
It might be recalled that in 2011, CIL concluded an agreement with the provincial government of Limpopo in South Africa to acquire coal assets in the province.
However, despite a proposal for floating a JV between CIL and the provincial government of Limpopo, no headway had been since the signing of the memorandum of understanding.
The AEMFC owns and operates the Vlakfontein colliery, near Ogies, in Mpumalanga, and the company has stated its intention to expand its project portfolio.
The AEMFC was established in 2007 to secure South Africa’s energy supply, primarily through the mining and supply of coal for electricity generation, and through securing other key minerals for beneficiation in the energy and steel value chain.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation