Unfazed by its earlier failed attempts to expand overseas, CILwill again scout for reserves of coking coal and high-grade low ash thermal coal in countries such as the US, Colombia, Canada, Australia, Indonesia and South Africa. The public sector behemoth appears to be a little behind in seizing the opportunity to secure assets when coal prices were low, experts said. But the CIL management is of the view that asset prices may have still not bottomed out.
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