Swiss-based Xstrata, one of the world's largest coal miners, has sold its aluminium operations, under the cash deal, to New York-based Apollo Management for $1.15bn (£580.8m) after an in-depth review of the business it began after it took control of Canadian-based mining group Falconbridge in 2006.
When in doubt, stick to your knitting!
[Click here for full story at: BBCNEWS.COM]
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