Coal news and updates

CIL appoints Deloitte as consultant for registering a subsidiary in South Africa

December 16: Coal India Ltd (CIL) has appointed Deloitte as the consultant for advising on the regulatory framework in South Africa and processes of registering a wholly owned subsidiary, if required, a government official said.

CIL had identified South Africa as one of the possible countries for acquiring thermal coal assets for supply to India.

In this direction, CIL was considering a proposal to register a wholly owned subsidiary in South Africa for acquisition and development of coal assets in that country.

The company had signed an MOU in September 2011 with an organisation owned by Provincial Government of Limpopo for identification, development and operations of coal mines in the Province of Limpopo.

Discussions are in progress for implementation of various activities envisaged in the MOU, the official added.