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Sunday, 08 March 09
AUSTRALIA'S FELIX STUDYING COAL ACQUISITIONS IN INDIA, INDONESIA


Bloomberg reported that, Felix Resources Ltd., an Australian supplier of coal to Korea and Japan, is studying acquisitions of energy coal assets in India and Indonesia after last month shelving talks to sell itself to another company.

“Indonesia and India are the two areas we are having a look at,” Brian Flannery, 57, managing director of Brisbane-based Felix, said in an interview. The company is talking to “large groups” in India that are looking to build new power stations, he said. Indonesia is the biggest exporter of energy coal.

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