Canada’s Sherritt to sell coal business for C$946m
Canada’s Sherritt International said on Tuesday it would sell its coal business for C$946-million to focus on its nickel and oil businesses.
Sherritt said it would sell its entire royalty portfolio and stake in coal development assets to a group led by mining company Altius Minerals for C$481-million.
Westmoreland Coal will buy Sherritt’s operating coal assets – Prairie and Mountain Operations – for C$465-million.
Read more at: http://www.miningweekly.com/article/canadas-sherritt-to-sell-coal-business-for-c946m-2013-12-24
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