Stanmore pays US$380M to mop up BMC minorities

STANMORE Resources has secured a $US380 million share sale agreement with Mitsui Coal that mops up the remaining 20% of the BHP Mitsui Coal Queensland coal assets it did not own after its initial $US1.35 billion acquisition for 80% of the assets in May.

Stanmore pays US$380M to mop up BMC minorities Stanmore pays US$380M to mop up BMC minorities Stanmore pays US$380M to mop up BMC minorities Stanmore pays US$380M to mop up BMC minorities Stanmore pays US$380M to mop up BMC minorities

The South Walker Creek coal mine in Queensland.

Stanmore CEO Marcelo Matos said following the completion of the latest transaction, the company would be the 100% owner of Stanmore SMC, which was the new name for the assets formerly held by BMC that