Home » Business » Oz miners eye India's PPP model for Coal India
NRW is one of the leading providers of construction and mining services with a turnover $1.35 billion in 2011-12.
Currently, the coal ministry is working on the fine print of the PPP policy.
Once this is finalised, Coal India will float a global tender.
According to officials close to the development, NRW will form a joint venture with another India-focused Australian miner, India Resources Limited.
It is the joint venture which will participate in the tender.
Confirming the development, a top IRL official said, “A joint venture will be formed with NRW and this is being done with a long-term view on the Indian mining sector, which has got a huge potential.
“As and when Coal India floats a tender, we would be interested to participate in that.” NRW, however, could not be contacted.
Responding to a query on the same, CIL Chairman S Narsing Rao said, “They might be interested.
"I am not aware.
"But, it would happen through a tendering process only.”
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