Thursday, 15 Sept 2011
Argus reported that Australia Talbot Group is selling its 58.9% stake in the 1.4 billion tonne Revuboe thermal and coking coal project in Mozambique that has the potential to produce up to 17 million tonne per year of coal.
The Revuboe joint venture partners, Japan Nippon Steel with 33.3% and South Korean steel maker POSCO with 7.8% have the first right of refusal for the project once bids are submitted next month.
The project sits to the south of the Riversdale projects in Mozambique, which was bought by Rio Tinto earlier this year for USD 3.9 billion and has little supporting infrastructure.
(sourced from ArgusMedia)
Argus reported that Australia Talbot Group is selling its 58.9% stake in the 1.4 billion tonne Revuboe thermal and coking coal project in Mozambique that has the potential to produce up to 17 million tonne per year of coal.
The Revuboe joint venture partners, Japan Nippon Steel with 33.3% and South Korean steel maker POSCO with 7.8% have the first right of refusal for the project once bids are submitted next month.
The project sits to the south of the Riversdale projects in Mozambique, which was bought by Rio Tinto earlier this year for USD 3.9 billion and has little supporting infrastructure.
(sourced from ArgusMedia)
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