{"id":25215,"date":"2026-01-15T14:49:07","date_gmt":"2026-01-15T14:49:07","guid":{"rendered":"https:\/\/www.europesays.com\/africa\/25215\/"},"modified":"2026-01-15T14:49:07","modified_gmt":"2026-01-15T14:49:07","slug":"coal-india-eyes-rare-earth-pacts-in-australia-russia-and-africa-unit-exec-says","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/africa\/25215\/","title":{"rendered":"Coal India eyes rare earth pacts in Australia, Russia and Africa, unit exec says"},"content":{"rendered":"

Item 1 of 2 A loader loads coal in the truck at an open cast coal field at Topa coal mine in the Ramgarh district in the eastern Indian state of Jharkhand, India, February 27, 2024. REUTERS\/Amit Dave\/File Photo<\/p>\n

[1\/2]A loader loads coal in the truck at an open cast coal field at Topa coal mine in the Ramgarh district in the eastern Indian state of Jharkhand, India, February 27, 2024. REUTERS\/Amit Dave\/File Photo Purchase Licensing Rights, opens new tab<\/a>BENGALURU\/NEW DELHI, Jan 15 (Reuters) – Coal India (COAL.NS), opens new tab<\/a> is scouting partnership opportunities in rare-earth mining across Australia, Russia, Argentina, Chile and several African countries, a top executive of its coking coal-focussed unit said on Thursday, as New Delhi looks to reduce reliance on China-dominated supply chains.<\/p>\n

The move comes after top producer China expanded export curbs on rare-earth minerals late last year, threatening operations in sectors from autos to electronics that depend on the critical materials.<\/p>\n

Sign up here.<\/a><\/p>\n

“In our country and in foreign countries also, we are going to invest; we are going to explore; we are also collaborating with other companies for rare earth metals. It is in the starting stage,” Bharat Coking Coal Ltd (BARC.NS), opens new tab<\/a> Chairman and Managing Director Manoj Kumar Agarwal told Reuters in an interview.Coal India is pursuing both overseas and local opportunities in this regard, and domestically aims to collaborate with state-run IREL, Khanij Bidesh India Ltd and Hindustan Copper (HCPR.NS), opens new tab<\/a>, Agarwal said.The partnerships will be funded using proceeds from BCCL’s $119 million initial public offering, which closed Tuesday<\/a> after being oversubscribed nearly 147 times. The company, whose offering comprised only existing shares with no new issuance, is set to list Monday.<\/p>\n

BCCL also plans to acquire coking coal mines in Australia and Russia within the next two to three years, Agarwal added.<\/p>\n

The company aims to raise its coking coal production capacity to 56 million tonnes per annum by fiscal 2030, up from 40.5 MTPA at the end of fiscal 2025, he added.<\/p>\n

Investors are betting BCCL will benefit from India’s infrastructure push, which requires steel as a pivotal industrial raw material. Coking coal is a key steel-making ingredient.<\/p>\n

Reporting by Hritam Mukherjee in Bengaluru and Neha Arora in New Delhi; Editing by Tasim Zahid<\/p>\n

Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n

Purchase Licensing Rights<\/a>\"Hritam<\/a><\/p>\n

Hritam is a breaking news correspondent covering Indian companies. Since joining Reuters in 2022, he has closely tracked India’s primary and secondary markets, written extensively on a string of cement M&As, and briefly reported on general and political news out of South Asia. Previously, he was associated with two US-based newspapers.<\/p>\n

\"Neha<\/a><\/p>\n

Neha reports on metals and mining in India. In her time at Reuters, she has reported on the pandemic when she was a finalist in the Breaking News of the Year category for Journalists of the Year Awards. She has also reported on India’s trade policy, central bank’s monetary policy, FX\/debt markets, as well as done a brief stint with the desk and edited stories. She is a postgraduate with a diploma in journalism from Mumbai’s Xavier Institute of Communications, and a graduate in English literature from University of Delhi. <\/p>\n","protected":false},"excerpt":{"rendered":"Item 1 of 2 A loader loads coal in the truck at an open cast coal field at…\n","protected":false},"author":2,"featured_media":25216,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[488,63,1773,15555,2096,4590,1865,7292,685,686,1877,2844,4591,15548,15554,1762,5393,15549,1597,15551,4019,9530,9529,1775,715,495,491,493,1592,1144,1598,1593,1397,714,2650,15550,6603,2875,4889,1881,1882,1883,1884,2528,4589,2529,2530,1766,15552,15553,5391,4588,2876,9528,2836,2524,11568],"class_list":{"0":"post-25215","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-africa","8":"tag-afr","9":"tag-africa","10":"tag-amers","11":"tag-ar","12":"tag-asia","13":"tag-asxpac","14":"tag-au","15":"tag-aunz","16":"tag-bact","17":"tag-biz","18":"tag-bmat","19":"tag-ceeu","20":"tag-cisc","21":"tag-ckcoal","22":"tag-cl","23":"tag-cmpny","24":"tag-coam","25":"tag-coam1","26":"tag-com","27":"tag-copmin","28":"tag-cprod","29":"tag-destnoinbsm","30":"tag-destnointim","31":"tag-destousnrg","32":"tag-destozabsm","33":"tag-destozatpm","34":"tag-emea","35":"tag-emrg","36":"tag-ener","37":"tag-energy","38":"tag-enff","39":"tag-eng","40":"tag-europ","41":"tag-fin","42":"tag-in","43":"tag-inter","44":"tag-irnst","45":"tag-latam","46":"tag-memi","47":"tag-metl","48":"tag-min","49":"tag-mine","50":"tag-minmtl","51":"tag-mtal","52":"tag-nasia","53":"tag-prec","54":"tag-precal","55":"tag-publ","56":"tag-raree","57":"tag-rearth","58":"tag-repicoal","59":"tag-ru","60":"tag-samer","61":"tag-sasia","62":"tag-topicenergy-power","63":"tag-topicmarkets-commodities-metals","64":"tag-xpand"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/25215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/comments?post=25215"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/25215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media\/25216"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media?parent=25215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/categories?post=25215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/tags?post=25215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}