Stanmore Resources - Miners News Global

Peabody closes Wards Well deal

April 17, 2024April 17, 2024 Miners News

Coal miner Peabody has completed its acquisition of Wards Well coal deposit immediately next to its Centurion mine complex in Queensland, Australia. The transaction was with seller Stanmore Resources, and carried a cash price tag of $136 million as well as a contingent royalty of up to $200 million payable after recovery of the related project investment when coal prices…

Stanmore to acquire remaining Mitsui stake in Queensland coal venture

August 16, 2022August 16, 2022 Miners News

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.

BHP closes door on QLD met coal, sells to Stanmore

November 9, 2021November 9, 2021 Miners News

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.