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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)
02/23/201713:15:41Annual Report (foreign Private Issuer) (40-f)
11/08/201614:08:39Report of Foreign Issuer (6-k)
09/26/201611:49:02Report of Foreign Issuer (6-k)
07/29/201613:17:43Report of Foreign Issuer (6-k)
07/27/201613:09:43Report of Foreign Issuer (6-k)
06/17/201617:29:43Report of Foreign Issuer (6-k)
05/06/201614:05:01Report of Foreign Issuer (6-k)
03/30/201612:05:34Report of Foreign Issuer (6-k)

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