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Newmont Mining finds two suitors for coal tenements

Published: Feb 03,2012 08:20:25

 

GOLD miner Newmont Mining is putting a final polish to the sale of its Queensland coal assets, with two overseas suitors vying for a resource estimated at more than 1.2 billion tonnes of thermal coal.

 

Newmont is in advanced talks with two parties interested in buying the undeveloped Felton East/West and Lochbar/Bringalily South tenements in the Clarence-Moreton Basin, a person familiar with the matter told Deal Journal Australia.

 

source:mining.com

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