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Miner Xstrata buys farmland near Muswellbrook

Nov 29, 2009 (The Australian Financial Review - ABIX via COMTEX) -- By Matthew Cranston

Company: Guinness Peat Group plc (GPGPF)

Xstrata has paid $A2.9m for a 190-hectare farm in rural New South Wales, as part of its strategy to ramp up its coal exploration activities. Meanwhile, Tandou directors have advised shareholders to reject a takeover bid from Guinness Peat Group.

Publication Date: 30 November 2009 

XSTRATA AG
GUINNESS PEAT GROUP PLC - ASX GPG
TANDOU LIMITED - ASX TAN
RAY WHITE PTY LTD
CRUICKSHANK CALLATOOTA ESTATE

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News Provided by COMTEX

Company: Guinness Peat Group plc (GPGPF)


Related terms: coal, exploration, new south wales, takeover

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