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Reuters reported a shake-out from sliding iron ore and coal prices has touched off a spate of asset sales.
Reuters reported a shake-out from sliding iron ore and coal prices has touched off a spate of asset sales.
As quoted in the market news:
Cashed up Japanese, Korean and Chinese buyers are waiting in the wings to snap up bargains, particularly in the coal sector, investment bankers and lawyers said.
Asia-Pacific mining deals so far this year total $47.6 billion, down 23 percent from a year earlier, Thomson Reuters data shows.