Commenting on the company’s initial public offer plans, Partha S Bhattacharyya, Chairman, Coal India, says, “We see a one-year timeframe for the IPO. It will primarily be from disinvestment of government stake.” For full story, click here
Australia’s Riversdale Mining has completed a feasibility study for a coal mine in Mozambique and will send it to Indian firm Tata Steel, which has a 35 percent stake in the project, to analyse. For full story, click here
Five major coal unions on Thursday opposed the government’s move to sell its stake in Coal India saying the firm is competent enough to meet its financing needs and demanded infrastructure status for the sector. For full story, click here
Five major coal unions on Thursday opposed the government’s move to sell its stake in Coal India saying the firm is competent enough to meet its financing needs and demanded infrastructure status for the sector. For full story, click here
Indonesian investment firm Armadian Tritunggal announced that it is exploring the sale of its majority stake in coal miner PT Berau Coal, in a sale that could value the coal firm at around USD 1 billion. For full story, click here
ArcelorMittal SA, the South African unit of the world’s No. 1 steel maker, has acquired a 16.3 percent stake in Coal of Africa Ltd. for $44.98 million in cash. For full story, click here
Australia’s Beach Petroleum Ltd, a second-tier oil and gas producer announced that it has sold 40 percent of its stake in a coal seam gas field to Arrow Energy Ltd for up to $286.3 million. For full story, click here
Straits Resources revealed that it has just sold its stake in its coal assets to Thailand’s PTT International Company for $US335 million. For full story, click here
Tata Power Company reported that the company has no intentions to sell its stake in two Indonesian coal mines owned by PT Bumi Resources For full story, click here
International Coal Ventures (ICVL), the special purpose vehicle (SPV) formed by five large public sector units for scouting coal properties abroad, is set to make its first major acquisition in Australia. For full story, click here
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