Western Coal to acquire UK-based met coal producer

Western Coal, Vancouver, Canada-based producer of high quality metallurgical coal from mines in northeast British Columbia, Canada, and West Virginia, USA, has announced that on July 19 the shareholders of Energybuild Group Plc (Energybuild) approved Western's 100 percent acquisition of Energybuild. Upon receipt of approval from regulatory authorities, the company expects the transaction to close on August 6, 2010.
 
Keith Calder, president and chief executive officer of Western Coal, said, "We are very pleased the Energybuild shareholders have approved the transaction. Having the Energybuild team join Western reinforces and enhances our platform for growth."
 
Western Coal currently owns approximately 55 percent of Energybuild Group Plc, which produces high quality anthracite and metallurgical coal in South Wales, UK.