Coal India to venture into metals mining

Coal India has planned to enter the metallurgical mining sector and has narrowed down on iron, copper, bauxite and nickel as the primary metals. 

While a blueprint is being worked out, Chairman Gopal Singh has said that metal mining won’t hamper the targeted coal production of one billion tonne by 2020.

“Mining is the same whether it is coal or iron or other metals," he said on the sidelines of the company’s 43rd annual general meeting, adding “essentially mining remains our strength”.

The company is on the lookout to acquire mines in India and Africa for the new vertical.

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