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Asia: Coal India Limited’s IPO
In 2010, when the Government of India divested 10% of its equity in CIL, SRK, as an Independent Engineer, conducted an audit of CIL’s coal resources and reserves and prepared an Independent Technical Report for CIL’s Initial Public Offering of shares to the public, following the guidelines set out in the 2004 JORC Code. The mineral assets included CIL’s active opencast and underground mining operations and undeveloped coal blocks located in 25 major coalfields across India.
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