Coal India in talks to buy Indonesia mine for up to $1 bln-sources

Newswire

MUMBAI/JAKARTA, May 26 (Reuters) - Coal India, the world's largest coal miner, is in advanced talks to buy up to 40 percent stake in Indonesia's Golden Energy Mines in a deal valued at between $750 million and $1 billion, three sources with direct knowledge said on Thursday. Golden Energy is a coal mining subsidiary of energy and infrastructure firm Dian Swastatika Sentosa , and is estimated to have 400 million tonnes of reserves. It owns 10 coal mining areas across Indonesia including ...

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