SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Coal India to buy stake in three coal assets in Australia

17 Jul 2013 Evaluate

In a bid to bridge the shortfall in its domestic production, state-owned miner Coal India (CIL) is mulling to buy stake in three coal assets in mineral-rich Australia. In this regard, the company will invest around Rs 6,000 crore this financial year. The three mines have a combined production of 25 million tonne per annum currently.

Earlier in April, the company already signed non-disclosure pact with three Australian companies. The company may have to shell out around $375 million for the deal, assuming the miner takes up at least 25% stake in each of the three mines, an average of 30 year life of the mines and the current average coal asset valuation of $2 per tonne in the international market.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Coal India Share Price

434.75 -4.30 (-0.98%)
01-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 434.75
NMDC 84.40
GMDC 610.65
Sandur Manganese 207.10
MOIL 278.05
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: