Published by
Harleigh Hobbs,
Editor
World Coal,
Lenton Joint Venture, of which New Hope Group has a 90% interest, has bought four mining tenements and their infrastructure at the Burton coal mine from Peabody for AUS$14.4 million.
The Burton mine is located in central Queensland and was placed into care and maintenance in December.
These Burton mine tenements are adjoined to the New Lenton project.
Read the article online at: https://www.worldcoal.com/mining/27112017/lenton-joint-venture-acquires-burton-coal-mine/
The Queensland Resources Council has described BHP’s decision to place significant new investment in Queensland on hold due to new coal royalty tax rates as a “massive blow”.