Xstrata and JX Nippon form JV to Sell Coal to Japan

Reuters reported that Xstrata (LSE:XTA) will sell Canadian coking coal to Japan in a joint venture with JX Nippon.

As quoted in the market news:

JX Nippon’s Australian unit paid $435 million in cash for a 25 percent stake in Xstrata Coal British Columbia, the companies said on Tuesday.

Click here to read the full Reuters report.