Xstrata PLC (XTA.LN), said Thursday that Xstrata Coal has agreed to acquire the Sukunka hard coking coal deposit from Talisman Energy Inc (TLM) for $500 million in cash, subject to customary conditions.

MAIN FACTS:

-Sukunka is located in the Peace River Coalfield of northern British Columbia, contiguous with First Coal Corporation and Lossan tenements acquired by Xstrata Coal in August and October 2011 respectively.

-Sukunka has an NI 43-101 compliant coal resource of 236 million tons in the Measured and Indicated categories.

-Xstrata Coal's technical studies indicate the potential to realize further value from the resource.

-Xstrata Shares closed Wednesday at 113 pence, valuing the company at GBP33.84 billion.

-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com

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