BOWEN Coking Coal is seeking to position itself as a significant multi-mine coking coal producer through its proposed agreement to acquire 90% of New Hope Corporation’s Lenton joint venture project in Queensland.
The Lenton JV owns the New Lenton project and the Burton mine located in the northern Bowen Basin.
BCC has signed a binding term sheet with New Hope to acquire 100% of the shares in New Lenton Coal, which owns a 90% interest in the Lenton JV. If the deal goes through it will deliver on BCC's plan...
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