News Update
Asia's significance and contribution to global issues of energy, climate change and sustainable development has been steadily growing. The update highlights some of the major news stories from various Asian countries offering an overview of the issues, prospects and challenges in the region.
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| India: Ministry plans sovereign fund for coal buys abroad |
| The Financial Express, 5 May 2012 |
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The coal ministry has proposed a sovereign fund to facilitate the acquisition of coal properties abroad. The proposal comes following the demands from steel, fertilizer and power companies that have been trying hard to buy mineral assets in countries like Indonesia and Australia.
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