CAPITAL MARKETS

China buys into Metro's underground Surat project

MAJOR Chinese producer China National Coal Group Corp will gain a 51% interest in MetroCoal’s Columboola project in Queensland’s Surat Basin by spending $A30 million on exploration.

Angie Tomlinson
China buys into Metro's underground Surat project

The Australian junior announced it had signed the joint venture with China Coal’s subsidiary China Coal Import & Export Company this morning. Funds will be used for exploring and evaluating the project’s...

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