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Aquila Sells Coal Stakes To Fund $3B Iron Ore Project

By Kelly Rizzetta (April 3, 2012, 3:59 PM EDT) -- Australian mining co. Aquila Resources Ltd. will sell large stakes in two of its coal projects to units of trading giant Sumitomo Corp. in order to raise capital for Aquila's share of a AU$5.8 billion (US$6 billion) iron ore mine in Western Australia, according to deals announced Tuesday....

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