Seeking Alpha

A unit of Swiss mining giant Xstrata (XSRAY.PK +2%) agrees to acquire a Canadian coal deposit...

A unit of Swiss mining giant Xstrata (XSRAY.PK +2%) agrees to acquire a Canadian coal deposit from Talisman Energy (TLM +0.9%) for $500M in cash. The Sukunka coking coal deposit in British Columbia, which has an estimated 236M metric tons of resources, will "meaningfully increase our exposure to hard coking coal," the company says.
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