India’s Essar Group buys Aries Mines in Indonesia

The mines, which hold as much as 100 million metric tons of power-station coal, are in the Kutai region of East Kalimantan. The transaction is expected to be finalised in April and production could start within a year.

Excerpt from The Jakarta Globe.

Other than China, India is screaming loudly for more coal for its power plants. Essar is building six power projects in India and will increase generation capacity to 6,100 megawatts from 1,220 megawatts by 2012.

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