MoneyWorks4Me

Coal India in talks for Massey, Peabody mines

15 Nov 2010 Evaluate

Coal India is in talks to buy mines from U.S.-based Peabody Energy and Massey Energy. Coal India recently raised $3.4 billion in the country's largest initial public offering. The company has said it is looking to make acquisitions in Australia, Indonesia and the United States, and has budgeted $1.2 billion to buy assets in those countries.crackcrack

Peers
Company Name CMP
Coal India 397.75
NMDC 66.30
Ashapura Minechem 419.95
Sandur Manganese 156.65
GMDC 424.55
View more..