Millennium Post

CIL to invite bids for Mozambique mines

CIL to invite bids for Mozambique mines
State-owned Coal India (CIL) will soon invite fresh bids for exploration of its two coal mines in Mozambique having reserves of over one billion tonnes, according to sources.

‘Very soon, CIL will float tenders for exploration of its two coal blocks in Mozambique,’ sources said.

The development comes at a time when the country is facing coal shortage, estimated at 142 million tonnes in the last fiscal.

CIL, the world’s largest coal producer, had invited tenders twice - first in 2010, which was cancelled due to shortcomings and the second in June, 2011, for exploratory drilling of its blocks.

The company that was shortlisted during the second tender in June had put some additional conditions as a result of which the tender became invalid, a CIL
official had said earlier.

The production from the twin mines is scheduled from 2015 but analysts said it may get delayed as CIL is yet to to zero in on a company for exploration.

The two coal blocks - A1 and A2 - at Motaize, in Tete Province of Mozambique, are spread over an area of 200 square km and their exploration may take over two years, as per CIL.

Coal India Africana Limitada (CIAL), had won a five year licence for exploration and development of the blocks in Mozambique.
PTI

PTI

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