Monday, March 5, 2007

Tata Steel to buy Australian coal mining company

Post its mega-purchase of Corus, Tata Steel may now buy into a coal mine in Australia, as part of a larger strategic plan to scout for global opportunities to secure cheaper raw materials. It is looking at buying possibilities elsewhere across the world too. Tata Steel already has minority stake in a coal mine in Queensland, Australia.

Read more in The Economic Times article.

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