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Coalcorp announces planned sale of Colombian mine to Goldman Sachs unit.
The La Francia mine in north-east Colombia, and related infrastructure assets, will be sold in a deal worth over US$200 million to a subsidiary of Goldman Sachs.
The coal mining and exploration company has had recent financial troubles, failing to make an interest payment on a loan.
Coalcorp will still have a 60% interest in Carbones Colombianos del Cerrejon, which owns the north Colombian La Caypa coal mine.
