Page 2 - Mavis Downs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Advertisement Johnson Winter & Slattery (JWS) has advised Peabody on its sale to MetRes of the Millennium coal mine, a metallurgical coal mine located near Moranbah, Queensland. MetRes is a 50/50 joint venture between Stanmore Coal and M Resources (a Matt Latimore company). Stuart Clague, Energy & Resources Partner, said “Having worked with Peabody for the last decade, we are delighted to have advised Peabody on the sale of the Millennium coal mine to Stanmore and M Resources.” The JWS team was led by Energy & Resources Partners Bruce Adkins and Clague, assisted by Senior Associate, Jarro...

Premium Content Subscriber only Two companies have joined forces to acquire and restart a Central Queensland mine, set to create an estimated 150 to 200 long-term jobs. Stanmore Coal and M Resources have agreed to buy the Millennium and Mavis Downs metallurgical coal mine near Moranbah as part of a 50/50 joint venture called MetRes. An underground expansion, along with continuation and completion of rehabilitation is tipped for the site after it was acquired from Peabody Resources. MetRes chair Matt Latimore said the investment presented a great opportunity for an innovative and agile operati...