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They have rejected a divestment plan put forward by a supermajority of all of Cornell's other governance bodies.
He said the students planned to stay until university administrators agree to return to negotiations on a divestment plan.
Unless the group presents a divestment plan by then, the government says it will start forcibly to auction off its "excess" licences.
Credit Suisse said: With the strong recovery in coal prices and balance sheet metrics it seems increasingly likely that the divestment plan outlined earlier this year will be watered down and executed at a much slower pace.
The ILC told Guardian Australia it is talking to the Central Land Council to develop a divestment plan, but the spokesman declined to say if recent financial problems would cause any delays.
Joseph Stiglitz, a Columbia economics professor who won the Nobel Prize in 2001, in January helped his alma mater, Amherst College, design its divestment plan; those identified as evildoers were a half-dozen oil companies and 13 energy and telecom vendors.
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Several key foundations contributed to the conference, including the Wallace Global Fund, which has divested from fossil fuels and the Rockefeller Brothers Fund, which announced their divestment plans the day after the march.
"We will of course wait to see the detail of Tata's divestment plans but, as we said before, it is vitally important that Tata is a responsible seller of its businesses and provides sufficient time to find new ownership.
The university did not respond to multiple requests for comment on its divestment plans, although it has highlighted faculty responses to the encyclical on its website.
Halfway through the fiscal year, the divestment program has raised just $250 million, fueling market expectations that New Delhi will be forced to exceed its bond issuance plan and overshoot its fiscal deficit goal.
A University of Melbourne spokesman said the university's investment management committee is reviewing its position on divestment and "plans to take any recommendations to university council this year".
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