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Xinergy Ltd Divests Kentucky Thermal Operations


Monday, 4 Feb 2013 09:21am EST 

Xinergy Ltd announced that it has completed the sale of its Straight Creek and Red Bird thermal coal mining operations (the Sale) in Bell, Clay, Harlan, Knox and Leslie Counties, Kentucky to affiliates of JW Resources, Inc. (the Buyer) for USD47.2 million in cash, subject to adjustment as provided for in a definitive asset purchase agreement (the Agreement) executed February 1, 2013. 

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