JSW eyes coal mines of Australia's BHP Group in potential $1.5-2 billion deal
JSW Group is reportedly eyeing the purchase of two coking coal mines in Australia from BHP Group in a potential $1.5-2bn deal, to fuel its blast furnaces. JSW at its current capacity needs 18 mt of coking coal per annum. To achieve 25% of integration, the company requires about 4.5 mt of captive coking coal but that kind of supply is not available in India. Hence the hunt for global assets.
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