NMDC, Coal India in coal JV talks
May 5, 2010: India's largest iron ore miner, NMDC Ltd, is in talks to form a coal mining joint venture with state-owned Coal India Ltd.
The newspaper quoted an unnamed NMDC official as saying Coal India, the world largest coal miner that is planning an initial public offer, had written to the government for an in-principal approval for allocation of a coal block.
Further talks on the joint venture will be after the approval comes through for the coal block in West Bengal state in eastern India, the paper said.
An official at Coal India said he could not immediately comment on the report.
Source: Reuters
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