Coal India Ltd Signs MoUs in Russia

Vladivostok, Russia: There were as many as 15 MoUs and agreements exchanged during the visit of Prime Minister Narendra Modi to Vladivostok, Russia on Wednesday. Coal India Ltd's MoU with The Far Eastern Agency was also one of them.

The memorandum of understanding (MoU) has been signed between Coal India Limited (CIL) and Far East Investment and Export Agency to cooperate in coking coal mining projects implementation in the Russian Far East. For Coal India, Chairman Anil Kumar Jha signed MoUs with Leonid Gennadievich Petukhov, Director General, The Far Eastern Agency. Further purposes of the MoU are to attract investments and supporting exports in Eastern Mining Company (FEMC) of the Russian Federation.

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The MoU with Far Eastern Mining Company (FEMC), Russia is to form a joint working group in order to explore, identify, source, deliberate, negotiate and consummate mutually beneficial investment opportunities in the mining sector in the Russian Far East. While the MoU with Far East Agency on Attracting Investment & supporting Export – an autonomous non-profit organization in Russia, is to cooperate in their activities for mining coking coal in the Russian Far East and Arctic Region. Another MoU between the Ministry of Energy of the Russian Federation and the Ministry of Petroleum and Natural Gas of the Republic of India on the use of Natural Gas for Transportation was also signed the same day.

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