Botswana: Jindal Steel buys CIC Energy
Issue 239
- 21 Sep 2012
| 2 minute read
India’s Jindal Steel & Power has bought Mmamabula project developer CIC Energy for $116m and plans to push ahead with development of the stalled project. The deal will give Jindal Africa mining rights for high quality thermal coal from the Greater Mmamabula coalfield in south-east Botswana, which is estimated to hold 2.4bn tonnes.
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