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Market Chatter: Coal India Reportedly Applies to Register Trading Office in Singapore

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Coal India (BOM:533278, NSE:COALINDIA) has applied to the Singapore authorities to register its first international trading office in the country, Reuters reported Thursday citing two sources.

The move comes in order for the company to expand into the trading of iron ore and critical and strategic minerals, as well as for overseas asset acquisitions, according to the sources.

State-owned miner Coal India did not immediately respond to' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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