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

|About: Xstrata Plc (XSRAF)|By:, SA News Editor

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.