Coal India plans to invest $3b in coal, steel, port in C. Kalimantan

India?s largest coal producer Coal India (CIL) plans to invest up to US$3 billion in a coking coal mine, a steel plant and a sea port in Central Kalimantan

Central Kalimantan Governor Teras Narang told reporters said on Thursday that Coal India was expected to complete feasibility studies for the projects by June, this year, adding that the parties had signed a memorandum of understanding in India last February this year.

Teras said that Central Kalimantan province has about 4.8 billion tonnes of coal resources, 40 percent of which is estimated to be coking coal. (bernard)