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Peabody and Bowen Coking Coal have executed a binding agreement for the sale of the Broadmeadow East Coal Project, an undeveloped coking coal project located within ML 70257 near Moranbah, Queensland.
The transaction includes access rights to a haul road and coal washing and train loading infrastructure owned by the New Lenton Joint Venture.
Bruce Adkins (Partner) and Stuart Clague (Partner) lead the JWS team on the transaction. The team included Jarrod Wilksch (Senior Associate), Katherine McNamara (Associate) and Haerim Nam (Associate). Craig Wappett (Partner) also assisted on the royalty arrangements.
Bruce Adkins stated “I am delighted to have advised Peabody on the sale of the Broadmeadow East coal project and associated infrastructure and land access rights to Bowen Coking Coal Limited.”
The transaction is subject to a number of conditions precedent, including Ministerial approval and de-amalgamation of the environmental authority for ML 70257 from the Burton Mine environmental authority.
Bowen Coking Coal’s ASX announcement in relation to the transaction