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Gold/Mining/Energy : Gasification Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (1290)	3/13/2008 7:11:41 AM
From: Dennis Roth	Respond to of 1740

Coal clouds over RIL’s JV plan with CIL 13 Mar, 2008, 0000 hrs IST,Debjoy Sengupta, TNN economictimes.indiatimes.com KOLKATA: Coal India (CIL) was approached by RIL for a coal-to-oil venture, and the CIL board plans to discuss the issue at its next board meeting. “RIL intends to sign an MoU for working together in a coal-to-oil deal so that a JV can be struck in future. However, we are not sure since it is a new technology requiring vast quantities of coal. Such a project will require 20 million tonnes of coal every year, supplying which will turn out to be a daunting task for CIL,” said a CIL official. When contacted, a Reliance spokesperson, however, declined to comment on the issue. “Currently, our entire coal production for the year is tied up through linkages and we need to supply that on a priority basis. We cannot supply the requisite 20 million tonnes for a coal-to-oil venture from our existing mines unless some existing clients withdraw their linkage and the coal becomes available for supply to other projects — like this one,” he said.