Asian venture to buy Canadian coal miner Grande Cache
Nov 01, 2011 | 11:44 AM
| Lisa Gordon
Tags
metallurgical coal,
Grande Cache Coal,
Winsway Coking Coal Holdings,
Marubeni,
Alberta Ltd. Acquisition,
Lisa Gordon
PITTSBURGH — A joint venture established by two Asian companies has entered a deal to acquire North American metallurgical coal asset Grande Cache Coal Corp.
The definitive agreement calls for Grande Cache to be sold to Alberta Ltd. Acquisition Co., a joint venture of Hong Kong’s Winsway Coking Coal Holdings Ltd. and Japan’s Marubeni Corp., for Canadian $1 billion ($980.9 million).....
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