Guj NRE Coke to invest $450mn in Australian mines by 2015

Gujarat NRE Coke would invest $450 million in its coal mines in Australia to take its total annual production capacity to six million tonnes in the next five years, besides creating 150 new jobs. The company has an expansion plan to ramp up the production level to 6 million tonnes per annum from both its mines by FY' 2015. The company has already invested $450 million in mine development activity and would be further investing another $450 million

Gujarat NRE Coke, the country's largest independent producer of metallurgical coke-- which is processed from coking coal-- has two coking coal mines in Australia, with an annual production capacity of 2 million tonnes.