Vying for Berau Coal

THE Braj Binani Group from India is negotiating for the acquisition of the fourth largest coal producer in Indonesia: PT Berau Coal. This acquisition is meant to help the growth of cement production in India.

Berau's acquisition value is estimated to reach US$100 million. "I can't say about the company we are negotiating with, but it's part of our plan to have our own raw material," said Vinod Juneja, Executive Director of Binani, as quoted by the Fin

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