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12 Feb

Stanmore to purchase Eagle Creek coking coal project

Stanmore Resources has agreed to purchase the 50% of the Eagle Downs coking coal project owned by South32. The remaining 50% is owned by Baowu Group subsidiary Aquila Resources, Kallanish notes. Stanmore also says it is negotiating with Baowu Group the purchase of a further 30% stake in the project, which would make it the controlling shareholder. “The acquisition of Eagle Downs is consistent with Stanmore’s ambition to expand its footprint in Queensl…
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