Indonesian Miners To Take Interest In GVK's Mammoth Purchase

India-based GVK Group , which includes power plant operator GVK Power & Infrastructure (GVKPIL), is currently holding talks with Indonesia-based miner Kideco Jaya Agung to sell a part of its majority stake in the coal assets it had purchased from Australia-based Hancock Prospecting . BMI believes that a successful divestment of the Hancock coal assets to Kideco could reduce the risks to GVK's long-term outlook. Besides Kideco, other Indonesian companies should be interested in the project given their intentions to expand aggressively.

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