Caledon in advanced talks with two suitors -source

* Caledon Resources talks to Indian, Chinese suitors -source

* Caledon hopes to strike deal by July 23 AGM -source

By Quentin Webb

LONDON, July 10 (Reuters) - Caledon Resources Plc (CDN.L) (CCD.AX), the coking coal company, is in advanced takeover talks with two possible buyers from China and India, a person familiar with the matter said on Friday.

Caledon hopes to agree a deal by July 23, when it holds its annual general meeting (AGM), the person added. Caledon produces and explores for coking coal, which is used in steelmaking, in the North East Australian state of Queensland.

On Thursday Caledon's shares leapt almost 16 percent to 54-1/2 pence a share. The Financial Times said the move was driven by hopes an offer at about 80p a share could soon emerge.

Caledon was not immediately available for comment.

(Editing by Douwe Miedema)