Xstrata eyes Colombia deal

first_img whatsapp Share Sunday 9 January 2011 11:20 pm KCS-content Show Comments ▼ Xstrata eyes Colombia deal center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof MINING giant Xstrata is the front-runner in an auction worth around £5bn for Colombia’s second biggest coal miner. Alabama-based Drummond put its Colombian coal mining operations up for auction last summer, attracting interest from Xstrata as well as Rio Tinto, Vale, Glencore and mining investment vehicle Vallar. However, auction-runner Bank of America Merrill Lynch (BAML) extended the bid deadline after Xstrata was the only firm to table a fully-financed deal. A spokesperson for Xstrata declined to comment, while BAML and Drummond did not return calls for comment yesterday. Drummond, which is privately owned by a family of the same name, produced 21.7m tonnes of Colombian coal in 2009, making it the second-largest exporter in the country. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Tags: NULLlast_img read more