Talbot Group Selling Off Mining Assets

New York Times reports:

The Talbot Group, the mining investment firm that experienced the loss of a director, Ken Talbot, who died in a plane crash last summer, is starting to sell off its assets.

On Friday, Talbot’s 16 percent stake in Sundance Resources was sold for about $190 million to Hanlong Mining on Friday, according to Bloomberg data. George Jones, the head of Talbot Group, told Dow Jones  that the company was liquidating its assets, which came to $871 million in 2009.