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INDIA: Joint venture development plans for proposed coal mining project include acquisition of long wall equipment, STEEL AUTHORITY OF INDIA LTD. (SAIL) & BHARAT COKING COAL LTD. (BCCL) [India] Order #: 064906.
WWP-Business Opportunities in Asia & the Pacific, June, 2006
PROJECT OVERVIEW
An Indian joint venture recently signed a memorandum of understanding (MOU) regarding the development of the 16 top seam of the Moonidih coalmine in Jharkhand, India. The partners in the planned undertaking include STEEL AUTHORITY OF INDIA LTD. (SAIL) and BHARAT COKING COAL LTD. (BCCL), the owner of the mine.
The project envisages procurement of long wall equipment in order to help provide additional supplies of around 500,000 tons per year (t/y) of prime washed coking coal to SAIL. Currently, SAIL sources around 4 million tons t/y of prime and medium coking coal from various subsidiaries of COAL INDIA LTD. (CIL), mainly BCCL.
The project is part of the ongoing efforts of the 2 companies to maximize indigenous supplies of...
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