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Xstrata to pay US$2.5 million for Enex

SWISS-based commodities group Xstrata has agreed to buy Enex Resources in a US$2.5 billion deal a...

Greg Tubby

Xstrata, owned 38.5% by Glencore, said in January it was in talks to buy Enex, which comprises Glencore's portfolio of 25 coal mines in Australia and South Africa and produced more than 41 million tonnes...

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