MSN NZ / AAP: 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. 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. Xanadu chairman Brian Thornton said the company wanted to remain an explorer as this was where its strengths lay: either selling projects when they approached the development stage or taking on board big league joint venture partners to operate them. To read the full article, click hereXanadu to sell its Mongolian thermal coal

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