Quote: "Essar Group, controlled by Indian billionaire brothers Shashi and Ravi Ruia, is among the bidders for a coal mine in Indonesia, said Kangaroo Resources Ltd.
Essar is one of the interested parties to bid for Kangaroos GPK thermal coal project in East Kalimantan province, Jerko Zuvela, the Perth-based companys chief geologist, said by phone today. Kangaroo expects to complete a sale in the next few weeks, said Zuvela, who is part of the companys senior management. " un-quote
if it is, we can put more juice in our steel undie's.
cheers!!!
KRL Price at posting:
15.5¢ Sentiment: None Disclosure: Held
