Tata, front runner to control KPC-Arutmin

Tata, BHP, and Mitsubishi are competing to acquire 30% shares of KPC and Arutmin. But Tata is reportedly the strongest candidate. May be it's not USD1 billion. "It's way too expensive for 30% of both coal mining companies. It's a kind of prop-up share price," one analyst at local brokerage firm said. "But, it's depend on the side agreements, let say on coal off-take. It could USD1 billion if the buyer will have control over marketing or such off-take agreement," another analyst said.

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