08
Apr
05:12
Stanmore acquires remainder of Eagle Downs
Australian miner Stanmore Resources has inked a deal to acquire the remaining 50% interest in the Eagle Downs metallurgical coal project in Queensland and 100% interest in the Eagle Downs South tenements, Kallanish notes.
The firm says in a statement that it has entered into definitive binding agreements with miner Aquila for the deal. This would result in Stanmore’s 100% ownership of both projects.
Stanmore will pay $15 million for the Eagle Dow…
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