22
Apr
03:43
Stanmore completes Southern portion of Wards Well sale
Australian miner Stanmore Resources has completed the divestment of the Southern area of the Wards Well metallurgical coal tenements in Queensland, Kallanish notes.
The firm says in a statement that it has executed an agreement with Peabody Energy for the divestment.
Stanmore will receive approximately $136 million in consideration and a capped royalty stream of up to circa $200 million payable under certain conditions on the first 120 million tonnes, whi…
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