Osler Helps Winsway, Marubeni In $1B Grande Cache Buy

Law360, New York (October 31, 2011, 2:55 PM EDT) -- Canadian mining company Grande Cache Coal Corp. will be purchased by importer Winsway Coking Coal Holding Ltd. and holding company Marubeni Corp. for about $1 billion in cash, Grande Cache said Monday.

Hong Kong-based Winsway, an importer that supplies the Chinese steel industry with coal for its foundries, had been a Grande Cache customer prior to the deal, while Japanese holding company Marubeni had been a Grande Cache investor, the mining company said.

The deal, worth CA$1 billion, gives both acquiring companies control over mining leases...
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