Coal India Limited is preparing to expand its global presence through new subsidiaries in Chile and Singapore as the state-run miner accelerates diversification into critical minerals, rare earths and non-thermal coal businesses.
As per Business Standard news report, B Sairam, Chairman and Managing Director of Coal India Limited, said the company plans to set up subsidiaries in Chile and Singapore this financial year to explore lithium, rare earth elements, copper and coking coal opportunities.
He said Coal India has identified a lithium block in Chile and completed due diligence, with final approval from the Chilean government awaited. “If approvals from the Chilean government come through, we may be able to start the mining processes there within two-three years,” Sairam said.
The Singapore subsidiary will support Australia-focused collaborations in critical minerals, rare earths, coking coal and copper. “We are trying to collaborate with some of the good mining operators in Australia,” he added, noting the projects remain at the due diligence stage.
Sairam said the overseas subsidiaries are being structured to manage the entire value chain, including mining, processing, beneficiation, logistics, regulatory approvals and market linkages.
“Mining is one thing and processing is an entirely different ball game,” he said, adding that the subsidiaries will also help identify local partners and manage licensing, permissions and compliance in overseas markets.
According to Coal India Limited, the Singapore entity is expected to become operational before the Chile subsidiary.
Alongside its overseas strategy, Coal India is also strengthening its domestic critical minerals business.
The company has secured four mineral blocks through Ministry of Mines auctions, including 2 critical mineral blocks and 2 rare-earth element blocks.
Among the projects, the Oranga-Revatipur graphite and vanadium-bearing block in Chhattisgarh has reached an advanced stage, with mining expected to begin within 3-4 years.
Sairam said the project requires an estimated investment of around ₹430 crore, while projected revenue potential over the 10-year mine life is estimated at nearly ₹2,500 crore.
“This will effectively be Coal India’s first mining activity outside coal, and that too in critical minerals,” he said.
Coal India is also exploring opportunities in beach sand minerals under the Centre’s proposed rare-earth corridor across Andhra Pradesh, Kerala, Odisha and Tamil Nadu.
The company is in discussions with the governments of Odisha, Andhra Pradesh and Kerala for potential blocks containing rare earth and critical mineral resources.
Sairam said Coal India will assess each investment individually based on economic viability and expected returns. “We are not putting any blanket capex expansion or expenditure,” he said. “Every project will be considered individually based on economic viability and Internal Rate of Returns.”
Read More: Coal India Share Price in Focus as Coal Auction Quantity Falls 6% to 30.5 MT in April 2026!
As of 12 May 2026, at 3:30 PM, Coal India Limited share price closed at ₹462.60 per share, reflecting a decline of 0.40% from the previous closing price.
Coal India is rapidly expanding beyond thermal coal through overseas and domestic investments in critical minerals, rare earths and processing infrastructure as the company positions itself for future energy transition opportunities.
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Published on: May 13, 2026, 9:30 AM IST
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