(EnergyAsia, March 8 2011, Tuesday) — India’s state-owned miner Coal India Limited (CIL) is looking to buy a stake in US-based Peabody Energy Corp’s assets in Australia.CIL chairman Partha S. Bhattacharyya said it may offer Peabody US$100 million for a 15% stake in its Australian assets.Mr Bhattacharyya said CIL has allocated 60 billion rupees in…
AUSTRALIA: Coal India interested to acquire stake in Peabody’s assets
Posted on March 8, 2011 by EnergyAsia