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Coal India Limited CIL state-controlled coal mining company headquartered in Kolkata West Bengal India is fast tracking the process of procuring 360 items of high capacity mining equipment valued at over $1 billion The urgency is because the company aims to bolster production after reviving a one billion ton production target in the next two to three years

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South Korea and coal - According to 2010 U S Energy Information Administration data South Korea was the world s tenth largest energy consumer in 2007 and due to a lack of domestic reserves Korea is one of the top energy importers in the world The country is the second largest importer of both coal and liquefied natural gas LNG and the fifth largest importer of crude oil

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Coal is a fossil fuel extracted from the ground either by underground mining open-pit mining or strip mining It is a readily combustible black or brownish-black sedimentary rock It is composed primarily of carbon and hydrocarbons along with assorted other elements including sulfur

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India is a country in South Asia It is the seventh-largest country by area the second-most populous country with over 1 2 billion people and the most populous democracy in the world In 2015 the Indian economy was the world s seventh largest by nominal GDP and third largest by purchasing power parity Following market-based economic reforms in 1991 India became one of the fastest

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The coal mining industry accounts for about 80 percent of mining equipment demand Most mining equipment demand is for open pit mines which account for more than 90 percent of total coal production The most attractive sector for U S companies is high end large-sized specialized coal mining equipment Estimated size of mining equipment in India