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Newpac leases sold to Xstrata

IT WILL be business as usual for Newpac No. 1 colliery operator Resource Pacific despite the sale this week of the Newpac mining leases by Iluka Resources to corporate predator Xstrata Coal for $A15.3 million.

Angie Tomlinson
Newpac leases sold to Xstrata

The mining leases that comprised the Newpac coal resource in New South Wales’ Hunter Valley was owned by Iluka’s 93.3% subsidiary Ashton Coal. In turn they were sub-leased by Resource Pacific. Resource...

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