Sherritt closes sale of coal business to two buyers

Apr 29, 2014 | 05:52 PM | Rey Mashayekhi

Tags  Sherritt International, coal, coal businless, nickel, Ambatovy, Westmoreland Coal, Altius Minerals, Rey Mashayekhi

NEW YORK — Sherritt International Corp. has completed the sale of its coal business for Canadian $946 million ($863.6 million), the company said April 28.

Under the terms of the deal, Sherritt’s coal operating assets, described as the Toronto-based company’s "Prairie and Mountain Operations," have been sold to Englewood, Colo.-based Westmoreland....

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