Sherritt International Corp., a Canadian energy and mining company, agreed to sell assets including all of its coal interests for C$946 million ($891 million) so that it can focus on nickel and oil.

A group led by Altius Minerals Corp. will buy Sherritt’s coal-development assets and mining-royalty interests for C$481 million in cash, Toronto-based Sherritt said today in a statement. Westmoreland Coal Co. will acquire Sherritt’s operating coal mines for C$312 million in cash and the assumption of capital leases valued at C$153 million, Sherritt said.

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