Bloomberg News

Coal India to Decide on South African Venture, City Press Says

January 29, 2012

Jan. 29 (Bloomberg) -- Coal India Ltd., the world’s biggest producer of the fuel, will decide tomorrow whether to proceed with a joint venture with the government of South Africa’s Limpopo province, Johannesburg-based City Press reported without saying where it got the information.

The deal to mine coal in the province will be signed in March, pending approval by the company’s board, the paper said. The Limpopo provincial government, which was placed under administration by the national government due to financial mismanagement, will hold a 26 percent stake in the venture, it said.

--Editors: Stephen Kirkland

To contact the reporter on this story: Jana Marais in Johannesburg at jmarais@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


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