CAPITAL MARKETS

Sumitomo completes purchase of Isaac Plains' interest

JAPANESE conglomerate Sumitomo Corp has purchased half of Aquila Resources’ Isaac Plains hard coking coal mine in Queensland for $430 million, indicating it wants to expand its presence in the local coal industry beyond its current 10% share in Xstrata’s Newlands and Collinsville mines.

Lau Caruana

Sumitomo completes purchase of Isaac Plains' interest

Sumitomo has also agreed to a right to participate between 20% to 50% in the exploration rights of mining areas in Queensland currently owned by Aquila – up to a maximum of 21 mining areas. Sumitomo...

Start a free trial to continue reading this article

Already have an account? Sign in here

MORE ON THIS TOPIC

NEXT: Crocodile boosts gold output
PREVIOUS: News Wrap

MOST POPULAR

1

ENERGY MINERALS

Investors keep buying spodumene producers but UBS still bearish

2

M&A

Ramelius cuts loose non-core asset

3

M&A

Parsons knows a 'world-class' gold opportunity when he sees one — and he wants out

4

MINERS

BHP plays its tax card

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902