Gujarat NRE completes acquisition of Australian mine (The Hindu Business Line 24th Dec 2007)Gujarat NRE Coke on Monday said that it has completed the acquisition of the Australia-based Elouera mine from BHP Billiton, a part of the Australia-based Illawarra Coal Business for an undisclosed amount.
The acquisition was made by Gujarat NRE Resources NL (Gujarat), the Australian flagship firm of the Gujarat NRE Coke group, the producer of metallurgical coke informed the BSE. The coal lease and associated licences, including the mine, would be transfer red along with associated land holdings and the responsibility for rehabilitation and closure of the mine once operations are complete. Post-transfer, the mine would be re-christened NRE Wongawilli, the company said, adding that the acquisition would gi ve Gujarat NRE group ready infrastructure, including mining equipment and railway access to Port Kembla.
The acquisition was made by Gujarat NRE Resources NL (Gujarat), the Australian flagship firm of the Gujarat NRE Coke group, the producer of metallurgical coke informed the BSE. The coal lease and associated licences, including the mine, would be transfer red along with associated land holdings and the responsibility for rehabilitation and closure of the mine once operations are complete. Post-transfer, the mine would be re-christened NRE Wongawilli, the company said, adding that the acquisition would gi ve Gujarat NRE group ready infrastructure, including mining equipment and railway access to Port Kembla.
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