Wesfarmers coal mine sale cools off, bidders drop out – sources

June 30, 2017

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The final group attempting to buy the Curragh coking coal mine in Australia from conglomerate Wesfarmers has dropped out, two sources familiar with the matter told Reuters on Friday.

US private equity partners Apollo Global Management and Xcoal Energy & Resources ended their joint pursuit of the eight-million-tonnes-a-year coking coal mine four weeks ago after failing to reach a deal on price, the sources said.

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