SAIL and CIL to develop coal mines in Mozambique
Indian steel producer Steel Authority of
India Ltd (
SAIL) and Coal
India Ltd (CIL) have reportedly applied to
Mozambique government to develop coal mines in the country.
As previously reported by SteelOrbis, world's second largest steel producer LNM has recently submitted bid to take on
Mozambique Moatize coal project.
The project is expected to be advantageous both for
SAIL and CIL.
The project is a part of
SAIL's plan to develop mines abroad.
SAIL is also in search to develop mines in
Australia,
Indonesia and South
Africa.