18
Nov
09:27
Aquila Resources sells Australian coal assets
Aquila Resources, a joint venture between China's Baowu and Australia's Mineral Resources (MinRes), plans to divest its coal assets. The miner aims to shift its focus to the development of Australian iron ore, Kallanish notes.
Aquila's 1.9 million tonnes/year Walton low-ash, low-volatile PCI coal mine and 3.6m t/y Talwood coking and thermal coal mine in Queensland are now up for sale. Potential buyers include Australian firms Fitzro…
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