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ARTICLE · 02 JUNE 2015

Australian Mining Sector Update: May 2015 edition

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
Michael MacGinley
Michael MacGinley
Bruce Adkins
Bruce Adkins
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Introduction

Welcome to the May 2015 edition of the Australian Mining Sector Update, a 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 about recently completed deals, market rumours, potential opportunities and relevant regulatory updates.

Recent announcements

On 23 March 2015, been defined). Idemitsu Australia Resources Pty Ltd announced that its wholly owned subsidiary, Boggabri Coal Pty Ltd, executed a sale and purchase agreement to transfer a 10% interest in the Boggabri Coal Mine to a subsidiary of Nippon Steel & Sumitomo Metal Corporation, the Japanese steel-maker. Located in New South Wales, the Boggabri Coal Mine produces high quality, metallurgical coal and low sulphur, low ash thermal coal with a high calorific value. In 2014, the mine produced around 5.6 million tonnes of coal.

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