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Canadian coal miner Grande Cache sold for US$2 after fetching nearly US$1 billion two years earlier

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Report summary

Little more than two years after closing a deal for metallurgical coal producer Grande Cache Coal Corp. for roughly C$1 billion, Marubeni and Winsway have announced 1 October 2014 that they are selling the company for a song.  Chinese coal producer Up Energy Development Group Ltd. has agreed to purchase the bulk of Grande Cache for just US$2 plus assumption of debt...

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    Canadian coal miner Grande Cache sold for US$2 after fetching nearly US$1 billion two years earlier

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