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Drilling & production - 03 December 2010

 

Walter Energy and Western Coal agree a C$ 3.3 billion merger

Walter Energy will acquire Western Coal Corp. for C$ 3.3 billion (US$ 3.3 billion) to create a leading, publicly traded, pure-play met coal producer with total coal reserves of approximately 385 million t and a significant and growing production profile in Canada, the US and the UK.