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Macarthur and Citic strengthen ties

QUEENSLAND coal magnate Ken Talbot has begun selling down his stake in Macarthur Coal, offloading a share of his stake to China's CITIC Resources Australia for $A112.9 million just days after his formal resignation from the miner.

MiningNews.Net
Macarthur and Citic strengthen ties

Citic bought a further 8.37% of Macarthur Coal from the Talbot Group, raising CITIC’s stake to 19.99%. Talbot’s company remains Macarthur's largest shareholder at 27.20%. The move is a natural extension...

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