Aquila sells coal assets to fund iron ore push
Apr 02, 2012 | 11:20 PM
|
Aquila Resources has agreed to sell its 50% interest in the Isaac Plains coking coal mine to Japan’s Sumitomo for A$430 million ($447.7 million), in a move intended to fund its share of the West Pilbara iron ore project.
The move comes only one week after the company renewed an agreement over coal shipments from Isaac Plains with Brazil’s Vale, which owns the remaining half of the mine.
In addition, the Australian....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here