Xanadu in Talks to Sell Mongolian Power-Coal Assets in 6 Months
This article is for subscribers only.
Xanadu Mines Ltd., an Australian explorer operating in Mongolia, is in talks to sell its thermal coal assets in the nation in the next six months as part of a shift to focus on coking coal.
Discussions are being held at an informal stage and no bank has yet been hired for the sale, Xanadu Chairman Brian Thornton said today by phone from Sydney, without giving details.