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Monnet Ispat plans to acquire stake in Colombia coal mine: reports

India Infoline News Service | Mumbai | November 20, 2012 08:41 IST

Reports stated that this move comes on the heels of the scrapping of Jindal Steel and Powers $2.1-bn contract to develop the El Mutun iron ore deposit in another South American country, Bolivia.

Monnet Ispat and Energy Ltd is planning to acquire majority stake in a 25-million tonne (mt) coal mine in Colombia, according to reports.

Reports stated that this move comes on the heels of the scrapping of Jindal Steel and Powers $2.1-bn contract to develop the El Mutun iron ore deposit in another South American country, Bolivia.

Monnet had acquired Indonesian coal company PT Sarwa Sembada Karya Bumi in Sumatra for $24 million through its wholly-owned subsidiary, Monnet Global Ltd, in 2010-11, reports said.


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Monnet Ispat plans to acquire stake in Colombia coal mine: reports
Monnet Ispat plans to acquire stake in Colombia coal mine: reports
Reports stated that this move comes on the heels of the scrapping of Jindal Steel and Powers $2.1-bn contract to develop the El Mutun iron ore deposit in another South American country, Bolivia.
http://www.indiainfoline.com/article/news-top-story/monnet-ispat-plans-to-acquire-stake-in-colombia-coal-mine-reports-113110705707_1.html
November 20, 2012 08:41 IST
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