L&T may acquire coal mine in Australia |
By e4p Correspondent, Monday, September 07, 2009, 11:22 Hrs [IST] |  |
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Category: Coal, Lignite, Coke | Tags: l&t thermal coal mine Australia, ultra mega power project, Hindustan Global Resources, Brisbane port | Share:  |
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L&T is reportedly in talks with a company in Australia to buy a thermal coal mine in the country for about $300 million (approx Rs 1,470 crore).
According to Hindustan Global Resources (HGR), an Australian exploration, mining and consulting company that is facilitating the negotiations, L&T has shown interest in the mine at Queensland close to the port of Brisbane in north eastern Australia.
The mine has an estimated coal reserve of 250 million tonne. The acquisition is likely to help in case the company plans to bid for any ultra mega power project in the future.
Source : ProjectsToday
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