BCC seeks to buy Broadmeadow East from Peabody

BOWEN Coking Coal has executed binding agreements with Peabody Energy to acquire the Broadmeadow East coking coal project, located within undeveloped Mining Lease 70257 in Queensland for up to $2.5 million.

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BCC seeks to buy Broadmeadow East from Peabody BCC seeks to buy Broadmeadow East from Peabody BCC seeks to buy Broadmeadow East from Peabody BCC seeks to buy Broadmeadow East from Peabody BCC seeks to buy Broadmeadow East from Peabody

It is buying the project for $1 million in cash plus a royalty of $1 per tonne on coal produced and sold from Broadmeadow East, capped at $1.5 million in total royalty.

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