Key facts
- Coal India has applied to set up a trading office in Singapore.
- The Singapore hub will focus on trading critical minerals and iron ore.
- This is Coal India's first trading office outside of India.
- The initiative aims to secure strategic mineral assets and reduce reliance on China.
- India is actively seeking lithium and bauxite assets globally.
Coal India, the world's largest coal producer, has applied to establish a trading office in Singapore to engage in the trade of critical minerals and iron ore. This strategic move, reported by Reuters, would represent the company's first trading office located outside of India. The planned hub in Singapore is intended to bolster Coal India's critical minerals business, facilitate the search for overseas asset acquisitions, and support its existing iron ore operations.