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Xstrata gains control of Narama

ILUKA Resources yesterday finalised a $A54.4 million sale to Xstrata Coal of its 50% interest in the Narama thermal coal mine in New South Wales' Hunter Valley.

MiningNews.Net

The opencut mine has been operated by Xstrata under the 50:50 joint venture between Ravensworth Operations, a wholly owned subsidiary of Xstrata Coal, and Iluka Resources. Iluka expects its profit on...

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