South32 buys 50% stake in Eagle Downs coal project

In:

Metals and Mining

Region:

Asia-Pacific

South32 has agreed to buy a 50% interest in the Eagle Downs metallurgical coal project from China BaoWu Steel Group subsidiary Aquila Resources. Under the terms of the deal, South32 will become the operator of the mine located near Moranbah, in Queensland, and will pay the...

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