Cockatoo takes control of Dingo

COCKATOO Coal has entered a $A2 million deal to acquire 100% of Independent Coal and its major asset, the Dingo project in Queensland's Bowen Basin.
Cockatoo takes control of Dingo Cockatoo takes control of Dingo Cockatoo takes control of Dingo Cockatoo takes control of Dingo Cockatoo takes control of Dingo

 

Staff Reporter

Cockatoo will assume the management of the Dingo project and will have control over exploration activities at the Wonbindi and Dingo projects, which cover over 80km on the southeastern flank of the Bowen Basin.

 

Under the deal, Toyota Tsusho will continue to have the right to earn up 5% participating interest in Dingo.

 

Cockatoo Coal is a coal exploration company with certain rights to four Queensland coal projects which the company proposes to further explore and, based on successful exploration results and economic conditions, develop towards the commencement of production and sale of coal.

Most read Archive

topics

loader

Most read Archive