Firm said to be in the running for two Australian explorers.
Firm increasing its exposure to the coal trading market.
Sources say Japanese trading house set to vie for a 29% stake.
Both firms eyeing assets valued at an estimated $3.2 bn.
Firm recently entered NDAs with two firms.
ICVL shortlisted four to five coking coal assets abroad for acquisition.[$}
Firm has acquired a 30% stake in Palaran Sinergi Mas.
Firm now closing in on acquiring Mmamantswe Coal from Aviva.
But deal hinges on getting environmental clearance for expanding the port.
Company looking to secure fresh resources amid surging demand in the country.
Government owned firm had been looking to sell off as much as 10% stake.
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