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India Spice Energy in 6 mln T/yr coal deal with PTBA

Thu Jul 10, 2008 7:19am EDT

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NEW DELHI, July 10 (Reuters) - India's Spice Energy has signed a deal with Indonesian miner PT Tambang Batubara Bukit Asam Tbk (PTBA.JK) to buy 6 million tonnes of coal a year from 2011 for its proposed 1,000 MW thermal power plant in southern India, its head said on Thursday.

"We have an agreement with PTBA for 6 million tonnes a year for 20 years," Ravi Chilukuri, chief executive of Spice Energy told Reuters in an interview.

He said his group's joint venture with NMDC Ltd (NMDC.BO) would soon finalise a deal with the Armenian government to buy 70 percent stakes in two iron ore mines. (Reporting by Nidhi Verma, Editing by Mark Williams)



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