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Xstrata buys First Coal for US$153 million

Andrew Topf | July 29, 2011 | 5:35 am Energy Europe Coal 

Xstrata, the world's largest exporter of thermal coal, has agreed to acquire Canadian coal company First Coal for US$153 million, the Swiss miner said on Thursday. "First Coal’s Board has unanimously recommended that its shareholders support the transaction," Xstrata announced,...

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