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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;

Stock News for Talisman (TLM)
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04/28/201510:55:06Report of Foreign Issuer (6-k)
03/26/201511:56:20Repsol Chairman Antonio Brufau to Hand Remaining Powers to CEO

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