$1 Billion Deal Being Finalised
Coal India Limited is nearing a $US1 billion deal with US miner Peabody Energy that will give CIL a stake in four Australian coalmines, along with other international assets.
Speaking to the Sydney Morning Herald, Phalguni Guha, chief general manager of Coal India's foreign-venture arm, Coal Videsh, said that the deal could include thermal coal and metallurgical coal assets in the United States and Indonesia as well as Australia.
Coal India has appointed DSP Merrill Lynch to assist with finalising the deal structure.
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