Coal India invites EoIs for developing underground mines
Coal India Ltd has invited an expression of interest (EoI) from global mining majors for development of underground coal mines, operation and maintenance in seven blocks in the country. The EoI was issued last week. The short-listed parties will have to undergo a detailed tendering process for the final award. CIL will fund the development of the project and will enter into long-term coal purchase agreement with the selected parties covering the cost of production and maintenance of the assets.