Australia

Oct 4, 2013

Coal India, under a haze of scrutiny, eyes Australian miners

A company called Coal India Limited is eyeing off $4 billion of assets in Australia. So who are they, and should we be worried about the purchase? Journalist Karl Mathiesen investigates.

Coal India Limited is preparing to buy assets in Australia to secure India’s coal-powered future, as it faces questions about its corporate character. Meanwhile the world’s big money banks are cheerleading for the world’s largest producer of coal.

2 comments

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2 thoughts on “Coal India, under a haze of scrutiny, eyes Australian miners

  1. Gratton Wilson

    It should be noted sections of the Indian community are opposed to acquisition of Australian coal resources. From a World point of view the only thing Australia must do is phase out coal production as recommended by the former Climate Commission. This point of view, extended to the World, is echoed by those concerned about the future of the planet. It logically follows the results reported in the recent IPCC Report. Such action by the Australian Government would be REAL DIRECT ACTION. Do it Mr Tony Abbott, Prime Minister for all Australians

  2. Rortydog

    Just ask the Indian Government for its written opinion on the matter. That will take 10 years. Problem solved.

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