By 17 February, 2011

GVK Power and Infrastructure is in advanced talks to buy a coal mine owned by Australia's Hancock Prospecting, three sources with direct knowledge told Reuters on Thursday.

The company has offered about $2.25 billion for Kevin Corner, said the sources, who declined to be named as they were not authorised to speak to the media.

GVK Power and Infrastructure, which focuses on energy and transportation projects, has hired Ernst & Young as a transaction advisor to the deal, one of the sources said.

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