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Brazilian tycoon Batista sells Colombian coal mines for $450 million

Cecilia Jamasmie | November 01, 2013 | 11:23 am Energy Europe Latin America Coal 

Once $30 billion-worth Brazilian magnate Eike Batista, now practically bankrupt, sold Wednesday his coal projects in Colombia to Turkey’s Yildirim Holding AS for nearly $450 million. Under a preliminary agreement CCX, which Batista spun off last year to manage his...

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