Deals
Coal India Said to Be Weighing Bid for First U.S. Mine
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Coal India Ltd., the world’s largest coal producer, is considering a Massey Energy Co. mine for its first asset purchase in the U.S., three people with direct knowledge of the matter said.
The company, based in Kolkata, is currently researching the deposit, the people said yesterday, asking not to be identified because the information is confidential. Richmond, Virginia- based Massey rose to the highest in seven months in New York.