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Xanadu to sell its Mongolian thermal coal

Mongolia-focused Xanadu Mines says it seeks to partially sell or completely divest its thermal coal assets in the Asian nation as it simplifies itself into a copper and gold play there.

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Mongolia-focused Xanadu Mines says it seeks to partially sell or completely divest its thermal coal assets in the Asian nation as it simplifies itself into a copper and gold play there.

Funds raised from the thermal coal sale will fund its copper and gold projects and also finance its coking coal joint ventures with Asian commodities trader Noble Group in Mongolia.

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    Original URL: https://www.afr.com/companies/mining/xanadu-to-sell-its-mongolian-thermal-coal-20120202-i3p50