Jindal Steel & Power Ltd (JSPL) is in the process of acquiring coal mines in
South Africa, according to sources.
The mine is being acquired from South African’s mining firm ESF. The deal
size is expected to be around Rs 350-400 crore depending on the quality and
grade. The transaction is likely to be funded through a mix of debt and internal
accruals.
The mine has reserves of more than 50 million tonne of thermal coal, which is
mainly used in power generation.
Also See:
JSPL to develop
coal-to-liquid Orissa project (04-Mar-09)