From Business Standard Wednesday, January 29, 2014 | 01:28 AM IS
Indian firms line up for mining joint ventures in Australia Neena Bhandari | Sydney October 8, 2011 Last Updated at 00:32 IST
"The Australian Bureau of Agricultural and Resource Economics and Sciences predicts that Indian coal imports would rise from 60 mt in 2010 to 77mt in 2011, going up to 128 mt in 2016, accounting for 30 per cent of the increase in the global coal trade over the period."
“To sustain high economic growth, India needs to have an assured energy supply. This would mean getting it from wherever, provided price, quality and other parameters are met. Australia will naturally be an important supplier,” says Amit Dasgupta, consul general of India in Sydney."
Full Article http://www.business-standard.com/article/companies/indian-firms-line-up-for-mining-joint-ventures-in-australia-111100800063_1.html
BRL Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)