Wesfarmers sells coal asset

DIVERSIFIED conglomerate Wesfarmers seems poised to shed a significant chunk of its aging coal business, waving goodbye to the Curragh coal mine in Queensland in return for A$700 million payment to a US coal concern and two years of additional potential payments.

Wesfarmers sells coal asset Wesfarmers sells coal asset Wesfarmers sells coal asset Wesfarmers sells coal asset Wesfarmers sells coal asset

Coronado Coal Group, will pick up one of the world’s largest metallurgical coal mines, with baseline production of 8.5 million tonnes per annum of export metallurgical coal and 3.

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