Rumor mill cranks away on potential sale of Drummond's Colombian assets

摘要

The rumor mill continues to crank away in Colombia concerning the potential sale of Drummond's coal assets. There are so many questions, and at this point zero answers, just plenty of wild speculation. "If Garry Drummond (CEO of Drummond) knows what he is going to do, he isn't telling anyone," a source said. "I have heard that Drummond received nine bids to purchase the Colombian operations and at least three of the offers are in the target asking range of US$7 to US$8 billion."