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Coal India Seeking Joint Venture To Acquire Coal Mining Assets
Indian Government plans to sell 10% stake in the companies are not registered and listed coal mining company. Even shares of the largest coal mining company of India, Coal India (CIL) ready for action packed FY 10-11, other than the IPO. Coal India (CIL) joint ventures seeking to obtain $ 1.5 billion investment.
Vedanta Group, Mining Companies Golden Steps in Mining and Metal Industry
India’s Vedanta group is scripting a success story in mining sector with its brave decisions to acquire new companies even though the global meltdown has wreaked havoc in metal sector.
Rusian Biggest Steelmaker Company Agrees to Buy PBS Coals and Interest Purchase North American Coal Mine Assets
OAO Severstal, Russia’s biggest steelmaker, agreed to buy PBS Coals for USD 1.3 bln and said it’s interested in purchasing more North American coal assets, Bloomberg informs, quoted by Agerpres. Severstal will buy a combination of PBS and Penfold Capital Acquisition Corp. for C$8.30 ($7.93) a share, the Cherepovets, Russia-based steelmaker said today in a [...]
Tata Steel Interest To Investment Mine Exploration Sector, Specialy Iron Or Mine Exploration in WA
Scouting for iron ore reserves to feed Anglo-Dutch steel maker Corus, Tata Steel is looking at acquiring an iron ore mine in Western Australia, which has billions of tonnes of reserve of the commodity.
“Tata Steel has expressed interest to invest in Western Australia’s iron ore sector,” Eric Ripper, Deputy Premier, Treasurer, Minister of [...]
Coal Mining Exploration : Rio could reap $US30b from asset sale
Rio Tinto Ltd could reap as much as $34 billion from the sale of its non-core assets after it swallows aluminium producer Alcan, new research shows.
The world’s third largest mining company flagged the asset sale following its $US38 billion ($A43.26 billion) takeover bid for Alcan.
The deal will position Rio Tinto as the world’s largest aluminium [...]
