Canadian Press NewsAlert: Sherritt selling coal business for $946 million - InfoNews

Current Conditions

Mostly Cloudy
10.1°C

Canadian Press NewsAlert: Sherritt selling coal business for $946 million

The corporate logo for Sherritt International Corporation (TSX:S) is shown. THE CANADIAN PRESS/HO
December 24, 2013 - 3:50 AM

TORONTO, Cananda - Sherritt International Corp. is selling its entire coal business to two separate buyers for a total of $946 million. Westmoreland Coal Co. will buy Sherritt's Prairie and Mountain operations in Western Canada for $465 million and Altius Minerals will buy a royalty portfolio and coal developments for $481 million.

More coming

News from © The Canadian Press, 2013
The Canadian Press

  • Popular kamloops News
  • Comments
View Site in: Desktop | Mobile