Billionaire's Coal Venture Expects Financing Within Six MonthsBy
MACH Energy agreed to buy Rio coal assets for $224 million
Coal will still be part of energy mix in Asia, MACH says
The Indonesian buyer of Rio Tinto Group’s discarded Mount Pleasant coal project in Australia is expecting to secure financing for the mine within six months and is on the look out for more opportunities for contrarian investments in the industry.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.