Coal India Establishes Chilean Subsidiary for Lithium and Copper Mining
Coal India Limited (CIL) has approved the creation of an Intermediate Holding Company in Chile to diversify its portfolio into lithium and copper mining. This move aims to explore international mineral opportunities and reduce reliance on domestic coal. The IHC will retain 100% ownership by CIL, with the name and incorporation date to be announced later. Regulatory approvals are needed from DIPAM and the Ministry of Coal before finalizing financial terms.
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Coal India Limited (CIL) has approved the establishment of an Intermediate Holding Company (IHC) in Chile as part of its strategy to diversify into lithium and copper mining. The decision was made during a board meeting, with CIL retaining 100% equity ownership of the IHC.
This initiative aims to explore international mineral opportunities and reduce dependence on coal. Regulatory approvals from the Department of Investment and Public Asset Management and the Ministry of Coal are required to finalize financial terms. Analysts view this as a strategic move that could enhance CIL's long-term revenues and operational flexibility.
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