China’s fourth leading coal producer is set to bid for Queensland coal miner, Felix Resources. The potential deal is the leading involving an Australian firm and a Chinese state-owned company since Chinalco’s failed bid to double its stake in Rio Tinto. For full story, click here
A subsidiary of state owned coal producer Coal India Ltd (CIL), has sent a team to Indonesia to review four mining blocks in the country. CIL chairman Partha S Bhattacharyya said: The team left for Indonesia on August 23, and the deal could happen depending on their feedback. For full story, click here
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