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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