Coal India, the world’s biggest producer of coal, may purchase a mine owned by Massey Energy Co. (MEE), Bloomberg reported Friday.
The deal would be the state-owned company’s first asset purchase in the U.S.
Kolkata-based Coal India is on the hunt for acquisitions to meet growing demand from power stations and steel mills in the fast-growing Asian economy.
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Coal India May Buy Massey Energy Mine originally appeared on DailyFinance on Fri, 12 Nov 2010 09:06:00.
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