Coal India to give up three-fourths of Mozambique mine

Coal India has decided to relinquish about three-fourths of the coal mine it was allotted in Mozambique. Coal India Africana Limitada, a fully-owned subsidiary of the state-owned firm, was allotted two leasehold licences for extraction of coal of about 224 sq km in Tete province of Mozambique. The company board has approved retaining 54 sq km of leasehold licence area, which will be of actual interest with coal bearing horizon occuring within a 500-m depth and relinquish the remaining 170 sq km area out of total leasehold licence area of 224 sq km. The decision was taken based on Interim Geological Report prepared by CMPDIL, a 100 per cent planning subsidiary of CIL. Contact: Coal India. Tel: 011-2201 8457. Website: www.coalindia.in