Indian companies to step up the acquisition of overseas resources.

<P> Promote economic recovery in the global prices of coal and iron ore on the occasion, India's fourth largest private companies love Sa Group (EssarGroup) Trinity has acquired the U.S. coal company, which is the overseas investment of resources in India Adds a .pen. .</ P> <P> love SA with 6 billion acquisition of the Group is headquartered in West Virginia Coal Industry of the Trinity. .This is the group's first love Sa pile of coal resources overseas investment, but also to invest in the United States to 40 billion U.S. dollars. .Since 2007, this company based in Mumbai in the United States bought a Minnesota iron mine in Canada spent 1.63 billion acquisition of a steel plant. .Coal is the acquisition of Trinity to the Indian enterprises to increase the resources of 2 million tons of coal reserves. .</ P> <P> love Sa Group annual capacity of 14 million tons of steel, the company plans to increase in production capacity to 2500 tons. .Minnesota in the United States bought iron ore, has been used to place the company built the steel mills supply of ore, the iron and steel mills total investments by 10 billion U.S. dollars. .In addition, the company, a steel mill in Indonesia also have shares. .</ P> <P> India "boundary" Capital analyst Mei Hu Ermu Katie said: "In recent years, many Indian companies have been trying to acquire overseas assets, but not much success. And this acquisition case .Sa love makes sense, because their steel mills and power plants need coal. "</ P> <P> India, Jindal Steel and Power Company for the acquisition of Australian coke enterprises Locke Lantz - Richfield Company, to the end of the year .China has been the largest manufacturer of commercial coke Meijin Energy Group competing bid. .Locke Lantz - Richfield Company in February rejected the Jindal company 170 million Australian dollars (154 million) bid. .Aspects of early February, but Jindal said the company still hopes to reach a deal. .</ P> <P> In addition, India's third-largest steel prices - JSW Steel coking coal exploration in Mozambique in recent years, actions have failed. .The company said last November it would spend 500 million U.S. dollars acquisition of overseas coal companies to guarantee the supply of coke. .</ P> <P> steel prices, according to three of the Indian - Tata Steel, Steel Authority of India Ltd and JSW data released last week, the three enterprises in the new fiscal year will require a total of 25.5 million tons coking .coal, half of which had to be imported. .</ P> <P> Nippon Steel and JFE and other major Japanese steel companies recently with the Australian group BHP Billiton coal price reached an agreement, which is 4 to 6 months of this year forward supply of coking coal prices to rise to 200 U.S. dollars per ton, compared .the end of March the end of the 55% increase the previous year. .</ P> <P> Nomura Holdings March 1 forecast, the international market within the next two years the price of coking coal will rise twice. .</ P> <P> resource products, India's largest online trading service provider Mjunction services company in January predicted that since April this year, the new financial year, India's coal imports rose 30% year on year, to 76 million tons, while .fiscal year 2012 will increase to 110 million tons. .</ P>.