Stanmore Resources to acquire Moranbah South, boosting coal resources

Stanmore Resources to acquire Moranbah South, boosting coal resources

Stanmore Resources Ltd (ASX: SMR) is set to acquire 100% of Moranbah South, significantly increasing its metallurgical coal resources and future growth options.

Stanmore to Acquire Exxaro’s Moranbah South

Stanmore Resources Ltd. is set to acquire Exxaro Resources Ltd.’s Moranbah South (MBS) project for approximately $105 million, with completion conditional on Exxaro’s subsidiaries first holding a 100% interest in the MBS tenements. Exxaro, through its Australian subsidiaries, currently holds a 50% interest of the MBS tenements as part of a joint venture with Anglo […]

Exxaro to sell Moranbah South project to Stanmore

Mining and renewable-energy company Exxaro Resources has agreed to dispose of its 100% interest in the Moranbah South project, in Australia, to Stanmore Resources for $105-million, once Exxaro completes the buyout of Anglo American’s 50% stake in the project. Exxaro, through its wholly owned subsidiary, Exxaro Australia, has exercised its pre-emptive right regarding the Moranbah South project, following an offer received from Anglo American for …

Exxaro sells Moranbah South to Aussie miner for R1.68bn

EXXARO Resources has sold its stake in Australian metallurgical coal mine Moranbah South to Stanmore Resources, a Brisbane-based coal producer, for $105m (R1.68bn). The South African diversified miner said in an announcement on Friday it had exercised its pre-emptive right over 50% of Moranbah South. This is in terms of a previous agreement with Anglo […]

Stanmore Resources agrees to acquire Moranbah South from Exxaro for US$105M

Stanmore Resources is outlaying US$105 million to acquire 100% of the Moranbah South coking coal project tenements from Exxaro Resources.

Stanmore to add Moranbah South to coal empire - Industry Queensland

Stanmore Resources is buying the Moranbah South project from Exxaro for about $145 million in a move that is set to boost its Eagle Downs and Isaac Downs Extension projects. The deal has come about after Dhilmar's move on Anglo American's Queensland coking coal assets triggered Exxaro's option to exercise its joint venture pre-emptive rights over the Moranbah South tenements. The Moranbah South tenements contain 724Mt measured and indicated coal…