Are you a coal miner looking for partners? You might want to look to India’s power companies

2 Indian power companies have been in the news lately, where they were actively seeking coal assets. This is following #RelianceEnergy’s foray into Indonesia’s coal mining industry.

Read the articles here:

1. India’s power generator seeks coal assets in South Africa http://www.miningweekly.com/article/indias-power-generator-seeks-coal-assets-in-south-africa-2011-08-10
2. NLC seeking coal assets in Indonesia, South Africa http://www.miningweekly.com/article/nlc-seeks-coal-assets-in-indonesia-south-africa-2011-07-15

Source: Miningweekly.com

According to a the age article, foreign investments by Indian companies doubled in the past year from $18 billion to $43 billion.

There are 50 power companies in India, and with India set to buy more coal mines, global coal mining companies looking for capital and partners should knock on India’s doors soon.

#AsiaMiningCongress has always attracted top mining investors from India at the conference. For 2012, hear from the likes of CEO of Reliance energy, Mr #JayaramaChalasani on the company’s expansion plans and strategy for further outbound acquisitions.