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DBRS: Deal boon for Talisman
DBRS said that Talisman Energy Inc.'s deal to sell non-core coal properties for $500 million to Xstrata Coal will bolster Talisman's strategic asset growth through reinvestment in core assets.
The company recently announced that it agreed to sell certain non-producing, non-core coal properties in northern British Columbia.
The Sukunka coal property covers an area of over 20,000 acres in northern British Columbia and contains an underground deposit of coking coal.
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