New Delhi, India — MININGREVIEW.COM — 18 January 2012 – Three Indian companies are in the race for the Indian state group Coal India Limited (CIL) contract that has called for bids for exploration of its 200sq km block in Mozambique.
The two blocks have estimated reserves of 1 billion tonnes of coal, according to the Press Trust of India (PTI) news agency.
“The group will launch a new public tender, as the winning company of the previous second tender held in June made additional demands and the tender was cancelled,” said a PTI group official.
The start of exploration of the two blocks had been scheduled for 2015, but analysts contacted by the agency said it would be all but impossible to meet that deadline given that the group had yet to select the company to explore the blocks.
Coal India Limited has already launched two public tenders, the first of which was cancelled in 2010 due to problems with the currency included in the tender documents, and the second in June 2011 that has now been annulled.
The two blocks cover an area of 200sq km, and the respective licence “’ awarded in August 2009 to CIL subsidiary Coal India Africana Limitada (CIAL) “’ is valid for five years for exploration and development.