M&A

South32 buys stake in Eagle Downs met coal project

SOUTH32 will pay an initial US$106 million to China BaoWu Steel Group for a 50% interest in the pre-development Eagle Downs metallurgical coal project in Queensland's Bowen Basin.

 South32 and China BaoWu are happy with Eagle Downs deal.

South32 and China BaoWu are happy with Eagle Downs deal.

The diversified miner will become the operator of the project, which will now be the subject of feasibility study assessing a multi-seam underground longwall metallurgical coal mine and processing plant...

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