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Ennore to acquire coal asset in Australia
19 December 2009: Ennore Coke is likely to acquire the Broughton coking coal mines in Australia.
The company was asked a price of $12 million (approx Rs 56.16 crore) for taking over 90 per cent stake in Australia’s Broughton coal mines having estimated reserves of 30 million tonne. The process of stake acquisition is expected to be completed by July 2010.
Source: Financial Express