M&A

Whitehaven poised with underground, open cut potential

WHITEHAVEN Coal will buy Coal & Allied's Vickery coal project in the New South Wales Gunnedah Basin for $A31.5 million, opening up future resources on its adjacent properties and the potential for both open cut and underground operations on the site.

Angie Tomlinson

Whitehaven poised with underground, open cut potential

Under the agreement, Coal & Allied will receive $31.5 million in cash plus 1150ha of land in the Gunnedah region. Whitehaven will receive authorisation and a coal lease, 3450ha of land and 399 megalitres...

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