Wesfarmers Sells Premier Coal Mine to Chinese for A$296.8m

Mining Weekly reported that a Chinese firm will buy the Premier mine from Wesfarmers (ASX:WES).

The market news is quoted as saying:

On the successful completion of the transaction, Wesfarmers said that it would record a pre-tax profit of around A$90-million, which was likely to be included in the financial results for the second half of the 2012 calendar year.

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