CAPITAL MARKETS

Japanese spend big on QCoal project stake

MAJOR Japanese steelmaker JFE Steel Corporation has spent $A630 million to take a 20% stake in QCoal’s Byerwen coal project in Queensland’s northern Bowen Basin.

Angie Tomlinson

Japanese spend big on QCoal project stake

Today’s 50 billion yen deal includes a long-term offtake contract for JFE to take annual delivery of 2 million tonnes of premium hard coking coal. Coal will be shipped from Abbot Point coal terminal. ...

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