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India’s NLC aborts overseas coal acquisition plans

By:  
Creamer Media Correspondent
 
COAL
Indian miner and power utility NLC (formerly Neyveli Lignite Corporation) is seeking a global mine developer and operator to operationalise two of its coal blocks in Odisha. The group is expecting at least 20-million tons a year from these two assets, which have a combined reserve of 550-million tons, and has therefore aborted plans to buy coal assets overseas.
 
 
 
 
 

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