Xstrata Bidding for Canadian Coal Explorer

Industrial Metals

Mineweb reported that First Coal Corporation has received a purchase offer from Xstrata (LON:XTA).

Mineweb reported that First Coal Corporation has received a purchase offer from Xstrata (LON:XTA).

The market news is quoted as saying:

Xstrata, the fourth largest global diversified miner, said the board of First Coal had unanimously recommended the deal.

To read the full market news, click here.

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