Original article by Amanda Saunders
The Australian Financial Review – Page: 15 & 20 : 16-Sep-14

Hancock Prospecting has given Indian company GVK more time to make the final payment for coal projects in the Galilee Basin in Queensland. GVK bought the Kevin’s Corner and Alpha projects for $US1.26 billion in September 2011. It was due to make the last payment of $US560 million ($A622 million) on 16 September 2014. The extension is open-ended at present. Coal prices have fallen significantly since GVK bought the projects

CORPORATES
HANCOCK PROSPECTING PTY LTD, GVK POWER AND INFRASTRUCTURE LIMITED, QUEENSLAND. TREASURY, WARATAH COAL PTY LTD, AURIZON HOLDINGS LIMITED – ASX AZJ, MARKET FORCES PTY LTD