Stanmore to acquire Moranbah South coal tenements for $105 million
BRISBANE: Stanmore Resources Ltd. has agreed to acquire full ownership of the Moranbah South metallurgical coal tenements from South Africa’s Exxaro Resources Ltd. for US$105 million, the company announced Thursday. The transaction remains conditional on Exxaro first completing its acquisition of Anglo American’s 50% interest in the joint venture through pre-emptive rights triggered by Anglo’s…