April 28, 2024

Xstrata sells stake in B.C. coal for US$435M

VANCOUVER - A subsidiary of Swiss global mining giant Xstrata PLC that operates in B.C.'s coal industry says JX Nippon Oil & Energy Corp. will pay US$ 435 million for a 25 per cent stake in the operation.Xstrata Coal British Columbia said Wednesday it will retain a 75 stake in the joint venture, that will own coking coal assets in B.C.'s Peace … [Read more...]