World’s largest coal miner Coal India is considering a proposal to diversify into mining of minerals like bauxite and iron ore as the company seeks to reduce dependence on mining of the dry fuel, an official said.
“Coal India (CIL) is planning to get into mining of bauxite, nickel and iron ore. However, the proposal is at a very early stage,” an official said on the condition of anonymity.
Coal India had recently said that it is planning to diversify into new mining areas although it believes fossil fuel will remain primary source of power generation for at least next two decades.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.