Asian markets rose Tuesday. In Hong Kong the Hang Seng Index advanced 0.5% to 23,431 and in China the Shanghai Composite Index inched up 0.1% to 2,927. Japan’s Nikkei 225 Index rose 0.2% to end the day at 10,317.
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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.
Coal India has set aside…
Continue reading Coal India May Buy Massey Energy Mine
Coal India May Buy Massey Energy Mine originally appeared on DailyFinance on Fri, 12 Nov 2010 09:06:00.
Filed Under: Energy, Company News