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Australian company Stanmore Resources has sealed the acquisition of the remaining 50% stake in the Eagle Downs metallurgical coal project and a 100% interest in the Eagle Downs South tenements in Queensland, from Aquila.
Chinese state-owned steelmaker Baowu has called time on a dirty decade by selling an undeveloped coal asset acquired in the 2014 takeover of Aquila Resources.
Australia-based diversified metals producer South32 has agreed to sell its Illawarra metallurgical coal operations in New South Wales state to an entity owned by Singapore-based Golden Energy and Resources (Gear) and Australia's M Resources for $1.65bn.
BHP’s blockbuster sale of its Queensland coal mines, Daunia and Blackwater, is already coaxing out other deals in the sector.
Whitehaven Coal has acquired two metallurgical coal mines in Queensland from BHP Mitsubishi Alliance (BMA). The sale signals optimism about demand for Australian metallurgical coal that will prove misplaced in the long term.