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Australia,China: CHINESE Firm Proposes to Acquire AUSTRALIAN CSG Miner

Pubdate:2012-12-24 09:55 Source:lijing Click:

PetroChina has proposal a $185 million deal to acquire coal-seam gas (CSG) junior mining company WestSide Corproation Ltd.


This is the first time a Chinese firm has proposed to purchase an Australian CSG miner.


The two companies are expected to announce the results of their negotiations before Christmas, or early January.