ENVIRONMENT

Glencore extends Bounty payment deadline

BOUNTY Mining has reached agreement with Glencore subsidiary Cook Resource Mining to extend the due date for the final payment of $4.5 million under the asset sale agreement and the placement of a guarantee to cover the environmental bond for the Cook colliery in Queensland.

Glencore extends Bounty payment deadline

These two commitments were due by June 30 and have been extended to July 19.   "This extension is intended to allow sufficient time for Bounty to deliver a proposal and conclude negotiations to agree...

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