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Wednesday, 13 January 10
ADHUNIK GROUP TO BUY 50 PCT IN AUSTRALIA MINE


The Adhunik group of Industries is in talks to acquire 50 percent in an Australian coking coal mine for $100 million, the Economic Times reported on Wednesday citing a source.

The mine, located in the Bowen Basin of Queensland, has total estimated coal reserves of around 180 million tonne, it said.

The deal, if successful, will be routed through Adhunik Metaliks, which operates an integrated steel plant in Orissa, the source with direct knowledge of the developemnt said.

"We are currently working on several deals in Indonesia and Australia... Discussions are at a pre-mature stage and nothing has materialised so far," Nirmal Kumar Agarwal, a director at the group firm told the paper, without revealing details of the proposed transactiom. To read more
Reuters



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Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...


Thursday, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...


Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones.  Coal production in 2008 reached 231,18 mi ...


Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...


Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...


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