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coal-investing

Xstrata Looks for Partner in Donkin Coal Project

Investing News Network
Apr. 26, 2012 03:55PM PST
Industrial Metals Investing

Xstrata Coal announced it is looking for a partner to take over its interest in the Nova Scotia-based Donkin Coal project.

Xstrata Coal announced it is looking for a partner to take over its interest in the Nova Scotia-based Donkin Coal project.

As quoted in the press release:

It is anticipated that the sale process will be concluded during 2012, with the selection of an entity with the mining experience, technical expertise and financial capability to operate this underground mine safely and efficiently. Erdene has a 60-day right of first refusal on the sale by Xstrata Coal of its interest in the Donkin project.

Click here for the Xtrata Coal Donkin Management Limited press release.

coal-investing
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