XStrata Buys Anvil Hill, Austral Coal From Centennial Coal
Xstrata Coal has continued its buying spree with the purchase of Anvil Hill and Austral Coal from Centennial Coal. Helios Australia (a subsidiary of Xstrata Coal) has paid $1.86 per Austral share. This means that Centennial will receive A$479 million from XStrata Coal.
Previously, Centennial Coal completed the sale of its Anvil Hill development to XStrata [...]