World’s largest thermal power exporter to sell stake in $6.4bn coal project

Social Media Tools

Sponsored by
15/02/2012

Xstrata PLC, (LSEXTASIXXTAN) 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

Recommend this article Recommend this article () Yo recommended this article Yo recommended this article ()
Follow Power Engineering International on Twitter

Power Engineering International

Article Archives for Power Engineering International Magazine