STANMORE Resources has secured a $US380 million share sale agreement with Mitsui Coal that mops up the remaining 20% of the BHP Mitsui Coal Queensland coal assets it did not own after its initial $US1.35 billion acquisition for 80% of the assets in May.
The South Walker Creek coal mine in Queensland.
Stanmore CEO Marcelo Matos said following the completion of the latest transaction, the company would be the 100% owner of Stanmore SMC, which was the new name for the assets formerly held by BMC that...
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