Coal India approves incorporation of Chile holding company
Kolkata: Coal India’s board on Wednesday approved the proposal for the incorporation of an intermediate holding company (IHC) in Chile to explore and develop opportunities in the South American country in the field of critical minerals, especially lithium and copper.
The coal giant said in a filing that it will have a 100% equity investment in the IHC. For its incorporation, regulatory approvals are required from the department of investment and public asset management (DIPAM) and the ministry of coal (MoC).
