JSW Steel of India Said to Consider Bid for Australian Coal Miner New Hope

Bloomberg reported that JSW Steel (BSE:500228) may be interested in purchasing coal miner New Hope Corp. (FWB:OD8).

As quoted in the market news:

Buying New Hope, based in Ipswich, Queensland state, would give JSW thermal-coal mines and an export terminal. New Hope, which operates the Acland coal mine in Queensland, said on Oct. 5 that selected groups will be invited to submit offers in a process that is likely to take months.

Click here to read the full Bloomberg report.