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CIL to talk to Arecelor Mittal for JV
New Delhi, April
07, 2008
Coal India Ltd has hinted at talking to world`s largest steel
maker Arcelor Mittal for a joint venture in abandoned and
unexplored mines, if the government gave the green signal, and
also said the company is keen on surface coal gassification
project with Reliance Industries.
"Arcelor Mittal wants to have joint venture with CIL in
abandoned mines and unexplored reserves for which we need to
have a dialogue with them. If the government directs us, we
will talk to them," Bhattacharya told reporters here last
night.
Public sector CIL, he said, could not enter into a joint
venture on a nomination basis unless directed by the
government. "We follow expression of interest route for any
joint venture company."
The company, he said, has asked the central mine planning
development institute to give details about abandoned mines
and their reserves.
Asked whether reliance industries approached CIL for a joint
venture for coal to liquid project, the CIL Chairman said some
officials of Reliance had met him on the project, but concrete
dialogue was not held. "We cannot enter into any joint venture
without EOI route. But we told them that we are interested in
surface coal gassification project."
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