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ARTICLE · 13 FEBRUARY 2015

Australian Mining Sector Update - January 2015

Corrs Chambers Westgarth
Corrs Chambers Westgarth
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Corrs Chambers Westgarth

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This is a summary of recently completed deals, market rumours, potential opportunities and relevant regulatory updates.

AustraliaEnergy and Natural Resources
Bruce Adkins
Bruce Adkins
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Introduction

Welcome to the January 2015 edition of the Australian Mining Sector Update, a monthly publication prepared by Corrs Chambers Westgarth for clients and contacts who are interested in the Australian mining industry.

This publication brings together a brief summary of information on recently completed deals, market rumours, potential opportunities and relevant regulatory updates.

Market rumours and opportunities

According to an article in the Financial Times on 22 January 2015, Anglo American is planning to sell a number of coal assets in eastern Australia. Reports suggest that the UK-listed mining company is preparing to sell five mines in Queensland and New South Wales as part of a potential A$3 billion to A$4 billion world wide asset disposal. Mines up for sale could include the company's Callide thermal coal project in Queensland as well as Dartbrook mine in the Hunter Valley. Reports suggest that the company's Drayton mine will not form part

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