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THE Report:

 

http://economictimes.indiatimes.com/news/economy/foreign-trade/r-power-cesc-essel-mining-in-race-for-australian-firm/articleshow/9106855.cms

 

BANGALORE: Three top Indian companies, including Reliance Power, Aditya Birla Group's Essel Mining and the RPG Group, have been shortlisted for final round discussions to buy a strategic stake in Australian coal mining firm, MetroCoal. The Australian company plans to raise[red] $600-700 million[/red] from the sale.

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Trade No. Time Price Volume Value

 

1 37 4:10:37 pm 87.5 2,200 $1,925

2 36 4:10:37 pm 87.5 28,000 $24,500

3 35 4:10:37 pm 87.5 170,000 $148,750

4 34 4:10:37 pm 87.5 10,000 $8,750

5 33 4:10:37 pm 87.5 20,000 $17,500

6 32 4:10:37 pm 87.5 10,000 $8,750

 

:rolleyes:

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METROCOAL SECURES PRIORITY ALLOCATION OF EXPORT CAPACITY FOR PLANNED

COAL EXPORTS IN A PROPOSED NEW COAL TERMINAL IN THE PORT OF GLADSTONE

 

Highlights

 

MetroCoal has secured an opportunity for up to 15 million tonnes per annum of capacity in a proposed new coal terminal for its coal projects

 

The proposed new terminal, if approved would be constructed on land that Tenement to Terminal Limited (3TL), an unlisted Australian public company has contracted to acquire.

 

It is envisaged that the initial stage of the proposed new terminal will have an export capacity of around 25 to 30 million tonnes per annum.

 

MetroCoal will acquire an equity position of 20% in 3TL; and

 

3TL will receive options to acquire 25 million shares in MetroCoal

 

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