https://www.miningweekly.com

Cockatoo sells Kingaroy

23rd September 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Junior coal miner Cockatoo Coal has inked an agreement with fellow-listed Moreton Resources to divest of its Kingaroy exploration tenement, in Queensland.

The Kigaroy tenement is located adjacent to Moreton’s Tarong basin coal asset.

Moreton said on Wednesday that the company had been seeking to identify strategic access areas to assist in the development of its Tarong basin asset, adding that the acquisition of the Kingaroy exploration tenement from Cockatoo would potentially alleviate any concerns over the footprint of a potential site layout which could eventuate from a prefeasibility study.

No further details of the transaction were made public by either Moreton or Cockatoo.

However, Cockatoo noted that the sale of this noncore asset aligned with the company’s strategy to focus on the expansion of its metallurgical coal mine at Baralaba, also in Queensland.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rio-Carb
Rio-Carb

Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.043 0.066s - 110pq - 2rq
Subscribe Now