Bathurst/Talley JV to pay $46 mln for Solid Energy mines

Wed, 02 Nov 2016

By Edwin Mitson Nov. 2 (BusinessDesk) - The Bathurst Resources and Talley's Group joint venture, Phoenix Coal, is to pay $46 million to buy Solid Energy's Stockton, Rotowaro and Maramarua Mines. The sale of the former state-owned enterprise's assets was confirmed on Monday, with ASX-listed Bathurst now setting out details of the transaction as it seeks to raise capital for the transaction from investors. Phoenix Coal has also agreed to a semi-annual payment based on revenue from coal sold from the Stockton Mine, which will only apply...

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