Coal India eyes foreign coal assets
India's coal giant Coal India Ltd (CIL) is eyeing global coal assets to tide over the growing domestic demand. The company plans to form a consultants panel which would help in acquiring, developing and operating coal blocks abroad. Expression of interest is currently invited by the coal PSU. As part of its overseas plan, CIL had invited bids for the third phase of drilling in Mozambique. Its subsidiary Coal India Africana Limitada (CIAL) had won 5-year licence for exploration and development of mines in Mozambique in August, 2009.