Copper price heads toward $12,000 as banks predict further gains
With year-end approaching, copper on the London Metal Exchange is up nearly 40%, marking its biggest annual gain since 2009.
GMR Infrastructure buys indonesian company, secures coal supplies for its subsidiary
GMR Energy, a part of the GMR infrastructure, will acquire 30% stake in the Indonesian firm PT Golden Energy for $550 million in cash. With this transaction the company's coal asset portfolio will be enhanced.
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