New Delhi (ANTARA News/Asia Pulse) - International Coal Ventures Ltd (ICVL), a special purpose vehicle formed by leading PSUs SAIL (BSE:500113), RINL, NMDC (BSE:526371), NTPC (BSE:532555) and CIL to scout coal properties abroad, is keen to pick up stakes in nearly 10 mining firms in Australia, Canada, Indonesia and Africa.
Of 10 miners being eyed by ICVL, six have coking coal properties while the rest run thermal coal mines.
According to a senior official in the Steel Ministry, ICVL not only plans to pick up minority and majority stakes in the overseas mining companies, but is also exploring the option of entering into JVs for developing the coal properties.
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