Cool India opens Singapore branch

KOL India, the world's largest coal producer, plans to establish its first trading office outside India in Singapore, aiming to diversify its activities to include the trading of iron ore, vital metals, and strategic minerals. The company seeks to expand its presence in the global metals markets beyond India, with a focus on acquiring assets in Africa, Chile, Canada, and Australia, particularly in bauxite, lithium, and rare earth elements. Despite India's efforts to promote the sustainability of vital mineral sources and reduce dependence on China, the country faces challenges in securing these minerals domestically, prompting investments abroad. Additionally, the company has acquired iron ore assets within India and is considering acquiring a Canadian company that owns lithium assets in Chile, in an effort to strengthen the supply of critical minerals for clean energy and future industries.

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