Coal & Allied Assessing Potential Oaklands Deposit Sale

24th Jun 2010 04:02

MELBOURNE (Dow Jones)--Coal & Allied Industries Ltd. (CNA.AU) said Thursday it was assessing the possible sale of its Oaklands deposit in New South Wales state. The Rio Tinto Ltd. (RIO.AU) subsidiary said in a statement that it had engaged corporate advisers to assist in the process. It did not name the advisers. Coal & Allied holds an assessment lease on the undeveloped deposit. -By Neil Sands, Dow Jones Newswires; 61-3-9292-2095; [email protected] (END) Dow Jones Newswires June 23, 2010 23:02 ET (03:02 GMT)

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