Realm seeks coal producers to take share in company

A DOMESTIC or international coal producer may pick up a strategic 15% stake in Realm Resources, whose main asset is a 70% share in the Foxleigh open cut coal mine in Queensland that in 2017 produced 4 million tonnes run of mine pulverised coal injection coal.

Realm seeks coal producers to take share in company Realm seeks coal producers to take share in company Realm seeks coal producers to take share in company Realm seeks coal producers to take share in company Realm seeks coal producers to take share in company

A 15% stake in Realm Resources is under a takeover offer by Taurus.

Realm's independent directors are seeking higher bids than the $220 million being offered by major shareholder Taurus, which they claim does not reflect the value of Realm's interest in the Foxleigh.