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CIL to buy up Indonesian co

CIL to buy up Indonesian co

Coal India is in advanced talks to buy up to 40 per cent stake in Indonesia's Golden Energy Mines in a deal valued at between $750 million and $1 billion. Golden Energy is a coal mining subsidiary of energy firm Dian Swastatika Sentosa, and is estimated to have 400 mt of reserves. Meanwhile, Reliance ADA Group will invest between $5-10 billion in mining infrastructure in Indonesia.

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