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Thursday, February 3, 2011

India state group eyes coal assets, puts Mongolia bid, (RIV)

India's state-run International Coal Ventures Ltd (ICVL) consortium has submitted a bid for a Mongolian coal mine, as it steps up its hunt for overseas assets after backing away from a counter bid for Australia miner Riversdale (RIV.AX). The consortium submitted the bid for the Mongolian mine on Jan. 31, Ajay Mathur, nodal officer for ICVL told reporters on the sidelines of an industry conference. He declined to give the financial details of the bid.

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