#AdityaBirlaGroup on the hunt for more Australian #coal
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They have recently expressed interest in bidding for a stake in New Hope Coal, a Queensland-based miner with an estimated 1 billion tonnes in coal reserves.
Indian companies have been seeking further coal assets overseas to fuel their power plants faced with ongoing fears of depleting supplies. According to the Central Electricity Authority, more than half the 89 thermal power stations in India had less than seven days’ supplies of coal as of November 27th.
Tuhin Mukherjee, Sector Head of Mineral Resource Development at Aditya Birla Group will be speaking on the importance of acquiring overseas resources at the Asia Mining Congress 2012 in Singapore. To find out which other Indian investors will be attending, download the brochure.