Sources: Indian interests close to making deal to acquire small CAPP mine operation

摘要

Representatives from India are close to making a deal to buy a U.S. coal producer, and a source said the final details are being worked out. The surprising thing, considering the Indians' appetite for coal, is the producer isn't that big and the production from the property not that much. The source said the company is in Central Appalachia, and he expects the transaction to be completed. "It's a relatively small operation they are looking at," the source said. "I think the annual production has been less than a million tons a year."