Coal India Ventures into Critical Minerals Trading

Coal India, the world’s single largest coal producer, has applied to establish a trading office in Singapore to trade critical minerals and iron ore in what would be the company’s first trading office outside India, Reuters reported on Thursday, citing anonymous sources involved in the discussions. Coal India has applied with Singapore’s authorities to approve the setting-up of its planned trading hub as several major state-owned Indian companies have been looking to acquire strategic minerals assets overseas to support India’s…