Queensland-based Stanmore Resources said its wholly owned subsidiary, Dampier Coal, has signed an agreement to purchase the remaining 20% interest in BHP Mitsui Coal – now Stanmore SMC – for US$380 million from Mitsui & Co.
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BHP announced 8 November it has inked a deal to divest its 80% holding in BHP Mitsui Coal (BMC), effectively exiting the metallurgical coal scene in Queensland, Australia.
Read MoreThe Barada Barna Aboriginal Corporation (BBAC), on behalf of the Barada Barna people, has signed a Native Title Project Agreement with BHP Mitsui Coal, a first of its kind between the two, providing “immediate and intergenerational” benefits to the former at the South Walker Creek operation in Queensland. Read full article in The Asia Miner.
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