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Wesfarmers announced it has agreed to sell one of the world’s largest metallurgical coal mines, its 8.5-million-metric-ton (mt) producing Curragh mine in Queensland, to Coronado Coal Group for $700 million under an agreement that also includes a value share mechanism linked to future metallurgical coal prices. Upon completion, Wesfarmers estimates it would report a post-tax profit on sale of approximately $100 million.
