Xstrata to buy Talisman Sukunka coal deposit in B C
Xstrata plans a 500 million cash purchase of Talisman Energy's Sukunka coking coal deposit in the Peace River region between Chetwynd and Tumbler Ridge. The 236 million tonne resource would expand Xstrata's metallurgical coal exposure and link with nearby assets as demand for hard coking coal grows globally. The deal follows prior acquisitions in the region and signals ongoing consolidation in northern B C coal mining.