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Xstrata To Buy Sukunka Hard Coking Coal Deposit For $500 Million

LONDON -(Dow Jones)- Xstrata PLC (XTA.LN), said Thursday that Xstrata Coal has agreed to acquire the Sukunka hard coking coal deposit from Talisman Energy Inc (TLM) for $500 million in cash, subject to customary conditions. MAIN FACTS: -Sukunka is located in the Peace River Coalfield of northern British Columbia, contiguous with First Coal Corporation and Lossan tenements acquired by Xstrata Coal in August and October 2011 respectively. -Sukunka has an NI 43-101 compliant coal resource of 236 million tons in the Measured and Indicated categories. -Xstrata Coal's technical studies indicate the potential to realize further value from the resource. -Xstrata Shares closed Wednesday at 113 pence, valuing the company at GBP33.84 billion. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com

Stock News for Talisman (TLM)
DateTimeHeadline
03/26/201511:56:20Repsol Chairman Antonio Brufau to Hand Remaining Powers to CEO
03/18/201507:44:03Talisman Energy to cut 10%-15% of head office jobs
03/10/201510:53:15Amended Statement of Ownership (sc 13g/a)
03/04/201516:30:20Report of Foreign Issuer (6-k)
03/04/201514:16:36Amended Appointment of Agent for Service of Process and Undertaking...
03/04/201514:15:10Report of Foreign Issuer (6-k)
03/04/201514:10:59Annual Report (foreign Private Issuer) (40-f)
03/02/201508:28:11SUBSCRIBERS: Repsol Buy Talisman Energy Already Reported
03/02/201505:31:08Steel Is At 5-Year Lows - Cramer's Lightning Round (2/27/15)
03/01/201506:30:52Quest For European Shale Gas Disappoints
02/28/201521:33:23Repsol to Buy Talisman Energy for $8.3 Billion --Update
02/27/201518:07:18Seadrill Well Positioned To Weather Industry Downturn But Investors...
02/23/201511:10:18Seeking Blackrock: Swimming With The Alpha Whale
02/20/201514:45:54Report of Foreign Issuer (6-k)
02/19/201506:01:00Report of Foreign Issuer (6-k)
02/18/201515:08:36Report of Foreign Issuer (6-k)
02/17/201519:53:48Big Investors Make Big Bets For and Against Energy
02/17/201516:28:50Statement of Ownership (sc 13g)
02/13/201512:33:35Statement of Ownership (sc 13g)
02/10/201519:45:52Talisman Hit With $1.4 Billion of Charges on Slumping Oil Prices

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