Archive for the ‘XStrata’ Category

XStrata Buys Anvil Hill, Austral Coal From Centennial Coal

Tuesday, October 30th, 2007

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 for A$454 million.

Centennial is using the proceeds of both sales to reduce debt and for capital management initiatives.

Posted in Centennial Coal, Coal Mining, New Mines, XStrata, news | 3 Comments »