Bharat Coking Coal Ltd (BCCL) plans overseas acquisitions of coking coal mines in Russia and Australia within two to three years. Parent company Coal India Ltd is exploring rare earth mining partnerships in Australia, Russia, Argentina, Chile, and select African nations, signaling a strategic global diversification push.
BCCL, a subsidiary of Coal India Ltd, has outlined ambitions to acquire overseas coking coal assets in Russia and Australia. The move is aimed at securing long-term raw material supply for India’s steel industry. Meanwhile, Coal India is broadening its scope by pursuing rare earth mining partnerships across multiple continents.
Key Highlights
- BCCL is targeting acquisitions of coking coal mines in Russia and Australia within the next 2–3 years.
- Coal India is exploring rare earth mining ventures in Australia, Russia, Argentina, Chile, and African nations.
- These initiatives align with India’s broader resource security and diversification strategy.
- Rare earth partnerships could strengthen India’s position in critical minerals essential for clean energy and technology.
- The expansion underscores Coal India’s shift from a coal-centric model to a diversified global mining portfolio.
Sources: Reuters, The Economic Times, Business Standard, Mint