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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 425.60
NMDC 82.45
Ashapura Minechem 542.60
Sandur Manganese 190.35
GMDC 575.20
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