India’s GMR Infrastructure has opted out of the race to acquire Australia based Bandanna Energy’s coal mines after it found a new local law prohibited foreign companies from mining on agricultural land. According to Economic Times, GMR had progressed into the second stage of the transaction process for acquiring the mines, whose valuation was expected to range between $850 million and $1.5 billion.
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Top 10 Coal Producing States & Regions
Week Ending (6/1/19)
(in Thousand Short Tons)
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