Canada invites Coal India to explore mining opportunities

April 08, 2014 05:50 pm | Updated May 21, 2016 09:33 am IST - Kolkata

S. Gopalakrishnan, President, CII with Chandrajit Banerjee, Director General, CII at annual regional meeting and conference on Driving Growth: Leveraging Opportunities in Kolkata on March 08, 2014 when Sumit Mazumder, Vice President, CII is also present. Photo: Ashoke Chakrabarty

S. Gopalakrishnan, President, CII with Chandrajit Banerjee, Director General, CII at annual regional meeting and conference on Driving Growth: Leveraging Opportunities in Kolkata on March 08, 2014 when Sumit Mazumder, Vice President, CII is also present. Photo: Ashoke Chakrabarty

World’s largest miner Coal India Ltd was invited by Canada to explore mining opportunities in the country on Tuesday.

“We want Coal India to come to Canada and invest in the coal sector, mainly in metallurgical and coking coal,” Canadian High Commissioner Stewart G Beck said in Kolkata on Tuesday on the sidelines of an interactive session with members of CII eastern chapter.

He also met senior officials of Coal India Ltd (CIL) to discuss opportunities for the company.

A few Indian steel companies have started importing some grades of coal from Canada.

CIL was planning to import coal on behalf of its power plant consumers to meet the shortfall in supply and tender has already been floated seeking bids for the same.

But as CIL is looking at thermal coal to feed the power plants, it is looking at coal sources closer home.

Beck also expressed hopefulness for higher growth in bilateral trade with India.

“In 2013, the total bilateral trade was around $ 5.5 billion, a growth of 12 per cent over last year. We are expecting a higher growth this year,” he added.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.