Monday October 5, 01:10 PM Reuters

Coal India says Arcelor, others keen for mines

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NEW DELHI (Reuters) - Ten firms, including steel major ArcelorMittal are interested in developing abandoned coal mines of state-run Coal India Ltd, the chairman of the Indian firm said on Monday.

Coal India has 18 such mines in eastern India, with proven reserves of 1.6 billion tonnes of superior grade coal.

"We hope to sign a contract for one or two of these blocks this (fiscal) year so that production can come from 2013/14," Partha Bhattacharyya told reporters at a conference.

(Reporting by Nidhi Verma)

(For more news on Reuters Money click http://www.reutersmoney.in)

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