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GVK Power to pay $2.2 bln for Hancock's 2 coal mines

Friday 26th Aug 2011 140

Mumbai : India's GVK Power & Infra will pay $2.2 billion for two Australian coal mines owned by Hancock Prospecting, the Economic Times reported on Friday:As part of the deal, the company will pay $900 million to develop transport infrastructure to carry the coal to the port, the report said citing lenders and company officials.

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