- Westmoreland Coal (WLB) agrees to acquire coal mining operations from Sherritt International (SHERF) for ~C$465M.
- The operations include seven producing thermal coal mines in Alberta and Saskatchewan, a 50% interest in an activated carbon plant and a char production facility which sells to barbeque briquette producers.
- Sherritt's annual coal output of ~27M tons doubles WLB's production.
- Sherritt also is selling its Canadian coal and potash royalty business to a group led by Altius Minerals for C$481M.
Westmoreland Coal adds coal operations in C$465M deal
Dec 24 2013, 07:37 ET