MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Scouting Fresh Investments: Coal India Signs MoU with Two Russian Companies

Scouting Fresh Investments: Coal India Signs MoU with Two Russian Companies

State-controlled Coal India is scouting for fresh investments in Russia, ET reported on Wednesday. In its latest development, it has inked deals with two Russian companies by signing MoUs.

The main goal of the deals is to explore coking coal mining in the areas of Arctic and Eastern Russia and help companies in their operations.

In the first MoU signed with a Russian non-profit organization called Far Eastern Agency for Attracting Investments and Supporting Exports (FEAAISE), it will assist them to carry out coking coal mining activities in the above-mentioned regions. 

The second MoU with Eastern Mining Company (FEMC)will pave the way for Coal India to scout invest opportunities in the mining sector in the areas of eastern Russia.

AK Jha, Chairman of Coal India and Leonid Gennadievich Petukhov, director-general of FEAAISE signed the MoUs.

From the past few months, the Indian company is seeking to buy coking coal assets in Australia, Canada, and Russia. In fact, it has found potential coking and semi-coking assets in Canada and Australia for analysis. To roll the dice, it may buy minority stakes in each of these assets.

The assets in Australia are working mines and on the other hand, the assets in Canada are ready to produce blocks where explorations are complete. 

For Coal India, this new deal is vital in terms of business expansion and sustainability.

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED