CAPITAL MARKETS

WA explorer gains from NZ coal deal

SHARES in 3D Resources have surged more than 40% after the company agreed to acquire New Zealand's Croydon Coal under a cash and shares-based deal - with Croydon's Tangarakau coalfield project previously owned by leading NZ coal producer Solid Energy.

Blair Price

WA explorer gains from NZ coal deal

Perhaps best known for its Halls Creek copper project joint venture with Cazaly Resources in Western Australia’s Kimberley region, 3D aims to acquire Croydon for $A10,000 cash and 40 million of its shares...

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