MANAGEMENT

BMC buy to make Stanmore a 2.8Bt coal powerhouse

STANMORE Resources’ proposed US$1.35 billion acquisition of 80% of BHP Mitsui Coal will position the company as a leading global metallurgical coal producer with 2.8 billion tonnes of metallurgical coal reserves and resources.

 BHP Mitsui Coal's South Walker coal mine in Queensland.

BHP Mitsui Coal's South Walker coal mine in Queensland.

The company said in an investor presentation that the acquired assets - which include the South Walker Creek and Poitrel mines in Queensland - sit within Stanmore's strategic area of influence, placing...

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