UPDATE 1-GVK Power in advanced talks with Hancock Prospecting


* Offers $2.25 billion for Kevin Corner mine in Queensland * Hired Ernst & Young as a transaction advisor to the deal (Adds details, company comments and share price) By Indulal P.M. and Rajesh Kurup MUMBAI, Feb 17 (Reuters) - India's GVK Power and Infrastructure, which has been scouting for coal mines for the past two years to fuel its power plants, is in advanced talks to buy a coal mine owned by Australia's Hancock Prospecting, three sources with direct knowledge told Reuters ...

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