JSW Said to Consider Bid for Australian Coal Miner New Hope

JSW Steel Ltd., India’s third-largest producer, is considering a bid for New Hope Corp., the Australian coal producer valued at A$5 billion ($5.2 billion), two people familiar with the plans said.

The company is studying the assets and may make an offer, according to the people with knowledge of the plan, who asked not to be identified because the discussions are at an early stage. JSW will look at ways to raise money to fund the acquisition either on its own or through a venture, one of the people said, without giving details.