LNC 0.00% 99.5¢ linc energy ltd

adani power unusaul price rise, page-2

  1. 2,415 Posts.
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    Will Linc sell the royalty back to Adani? $500m?

    I think Adani will not want any other pesky third party getting involved..



    "The group is also planning to sell bonds overseas to help fund its investments, Adani said. Adani Enterprises plans to invest $4 billion to boost output at its Australian mine to 60 million tonnes by 2019 after production starts in 2014, he said. Coal reserves at the mine purchased from Linc Energy may be at around 10 billion tonnes, said Adani. The company purchased the asset from Linc Energy for A$3 billion, including royalty payments over 20 years. "

    "The company is also exploring more options in Australia and South Africa, according to the website. "

    http://www.financialexpress.com/news/adani-may-sell-coal-assets-in-london-ipo/798141/0
 
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