Power Today |
 
Advertise Here [728 W x 90 H pixels]
World News | June 2011

Indian, Chinese companies to bid for Premier Coal

The sale process of Australian coal miner Premier Coal kicked-off last week after the Perth-based resources company received initial expressions of interests from several Indian and Chinese bidders including Essar Power.

Premier Coal, valued at around Australian $500 million (about Rs 2,340 crore), has also gathered interest from infrastructure major GMR Group and Lanco Infratech, though this could not be ascertained independently. An Essar Group spokesman denied it has plans to pitch for Premier Coal. The mines currently produce around 4 million tonne and have proven resources of 121 million tonne.

Since Lanco recently acquired a coal property at Griffin which is adjacent to the Premier Coal block, Lanco has also been invited to pitch for the property. Lanco executives have even offered a strategic tie-up (without any financial impact) to the potential Premier Coal buyer. Lanco Infratech had completed the acquisition of the Griffin coal mines in Western Australia for A$750 million last month.
Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image

 

Posted Comment
1 .     Yogesh Says:
17 Oct 2016
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine

2 .     Sarfaraj Bilakhiya Says:
20 Sep 2016
Pls invite me all auction in gujarat

3 .     k.natarajan Says:
20 Jun 2016
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors..... thanks lot pls call +910842559230 +919842753550


Advertise Here [728 W x 90 H pixels]