09
Jul
03:35
Bowen sells 10% stake in Broadmeadow East
Australian miner Bowen Coking Coal and MPC Lenton, a wholly-owned subsidiary of Formosa Plastics Group, have completed the acquisition by MPC of a 10% interest in the Broadmeadow East mine in the Bowen Basin of Central Queensland for AUD 13 million ($8.75m) in cash and royalties, Kallanish notes.
Bowen says in a statement that the completion followed the successful achievement of conditions precedent, including Australian Foreign Investment Review Board (FIR…
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