The complex and plant are part of its plans to lure $32 billion of investment into the mining sector.

Country is currently studying 145 applications for exploration licenses from foreign companies.

Country is planning to reopen more than 100 coal mines previously considered financially unsustainable.

High metals prices expected to cushion majors' weaker production and rising costs.

Bank has hired Michael Willoughby, a top mining banker at Standard Chartered Plc.

As they prepare for the next round of global climate talks in November, officials from rich countries are trying to pull together a series of multibillion-dollar packages to help poor countries phase out coal.

India faced its worst power crisis in over six years in April as demand hit a record high.