Anglo American is interested in acquiring additional coking coal assets in Canada, and this time the company is casting a wishful glance toward Cardero Resources, sources tell Energy Publishing. Cardero Resources, through its affiliate Cardero Coal Ltd., owns a 75 percent interest in the Carbon Creek coking coal deposit in the Peace River region of northeastern British Columbia. "It is an attractive property, and it is a good fit with Anglo's Trend mine, which is located in the same vicinity," a source said. "Cardero is a mid-sized producer. Both companies would benefit from the synergies that a merger would cultivate."
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