EXPLORATION & DEVELOPMENT

Shenhua forks out for Aussie exploration play

CHINA’S biggest coal producer, China Shenhua Energy, has coughed up $299.9 million to the New South Wales government for the 190 square kilometre Watermark area exploration licence near Gunnedah.

Blair Price
Shenhua forks out for Aussie exploration play

Under the deal first announced by the state government back in August, the Chinese coal giant will pay another $200 million for a mining lease of the area which it expects to contain shallow coal resources...

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