ICVL to acquire Polish coking mine - reports

Indian firm International Coal Ventures Ltd. (ICVL) wants to acquire a coking coal mine in Poland, worth INR 350 billion (PLN 1.7 billion), local newspaper The Economic Times reported. The details remain unknown, however as stated by the paper, the resources of the mine reach approximately 500 million tons. ICVL will most probably cooperate with an Indian steel maker. ICVL is certainly serious about the deal as a technical consultant and an investment banker have already been appointed, a source quoted by the newspaper said.