Richmond, Virginia, US-based coal producer Massey Energy Company (Massey) has announced that it has signed a memorandum of understanding (MOU) with India-based Jindal Steel & Power Limited (JSPL), a leading international player in the steel, power, mining, oil, gas and infrastructure industries.
A press release by Massey said that under the MOU the parties have agreed to work together and bid for the development and operation of underground coal mining projects, with a major focus on but not limited to potential projects in India, Mongolia, Australia and the United States.
According to the agreement, JSPL will identify various underground coal mining projects in India and other countries and obtain necessary licenses, permits and approvals from the respective government authorities and Massey will provide technical mining expertise and will be responsible for the development of detailed underground mine project plans. Massey will also provide the technical manpower and project management to ensure continuity and successful project implementation.