WHITE Energy has sold its 51% interest in Mountainside Coal Company in the US to Kentucky-based miner Clay Laurel Mining for a total consideration of US$4.06 million, which equated to A$5.3 million.
MCC had additional permits in various stages of approval.
A US dollar deposit equivalent to A$2.9 million was released on completion, with $2 million received by White Energy and $0.9 million placed in escrow and released to the company in July. The remaining...
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