Xstrata (XSRAF.PK) is close to winning an $8B auction for Colombia's second-biggest coal miner,...


Xstrata (XSRAF.PK) is close to winning an $8B auction for Colombia's second-biggest coal miner, owned by Drummond. Vedanta Resources (VDNRF.PK) and India's Essar Global had been interested, but Xstrata was apparently the only bidder who could fully finance an offer.
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