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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
11/17/201417:43:57Talisman Energy in Talks to Sell Marcellus Pipeline Operations...
10/22/201403:37:14Amerisur Applies For Right To Explore Put-30 Block In Colombia
02/12/201412:34:57Talisman Energy Posts $1 Billion Loss on Impairment Charges...
01/23/201417:58:11Icahn Nominates Two Directors to eBay Board
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11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30 -2-
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11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Holdings As Of -2-
11/15/201307:04:49Bridgewater Associates LP 3Q 13F: Holdings As Of Sep 30
11/15/201307:04:38Bridgewater Associates LP 3Q 13F: Largest Sales
11/15/201306:39:14CR Intrinsic Investors 3Q 13F: Largest Eliminations
11/14/201307:21:25GAMCO Asset Management Inc. 3Q 13F: Largest -2-
11/14/201307:21:24GAMCO Asset Management Inc. 3Q 13F: Largest Sales
10/08/201309:11:28U.S. Hot Stocks Futures: Hot Stocks to Watch
10/08/201306:44:40EMBARGO: U.S. Hot Stocks Futures: Hot Stocks to Watch
10/07/201318:20:16Icahn Acquires Nearly 6% Stake in Talisman Energy
10/07/201318:14:38Icahn Acquires Nearly 6% Stake in Talisman Energy; Shares Jump

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