South32 set to dump coal mine project

Original article by Nick Evans
The Australian – Page: 16 : 12-Jan-21

Diversified miner South32 is believed to be seeking a buyer for its 50 per cent stake in the Eagle Downs coking coal project in Queensland after deciding not to proceed with the partially-built mine. South32 acquired its stake in the project from Vale in 2018, several years after Eagle Downs was mothballed amid a fall in coal prices. South32 recently received a feasibility study on the project. Chinese steelmaker Baowu owns the other half of the Eagle Downs project.

CORPORATES
SOUTH32 LIMITED – ASX S32, CHINA BAOWU STEEL GROUP CORPORATION LIMITED, VALE SA

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