
Xstrata PLC, (LSE: XTA, SIX: XTAN) the world's largest thermal-coal exporter by volume, may sell part of its proposed six billion Australian dollar (US$6.44bn) Wandoan project in Australia, which aims to be a key supplier to Asian power generators.
The Wall Street Journal reports that the company is offering to sell a 20 per cent stake in the planned mine, according to reports.
Xstrata owns 75 per cent of Wandoan in Queensland state's Surat Basin and is seeking to share development risk with a new strategic partner.
For more power business news


Print
Email
Save


