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By Manvi Pant and Indranil Sarkar
BENGALURU (Reuters) - India's top steelmaker JSW Steel said on Monday it will buy a 67% stake in an Australian private firm for $120 million in a bid to expand its coal reserves.
JSW Steel said it will buy the stake in M Res NSW HCC, an affiliate of coal trading firm M Resources, which along with Singapore's Golden Energy had earlier this year bought South32's Illawarra metallurgical coal business for $1.65 billion.
After South32's sale of its coal business i...
>>> Read more: India's JSW Steel to buy $120 million stake in Australian firm to expand coal reserves
BENGALURU (Reuters) - India's top steelmaker JSW Steel said on Monday it will buy a 67% stake in an Australian private firm for $120 million in a bid to expand its coal reserves.
JSW Steel said it will buy the stake in M Res NSW HCC, an affiliate of coal trading firm M Resources, which along with Singapore's Golden Energy had earlier this year bought South32's Illawarra metallurgical coal business for $1.65 billion.
After South32's sale of its coal business i...
>>> Read more: India's JSW Steel to buy $120 million stake in Australian firm to expand coal reserves
