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Oct 07, 2019

Sumitomo buys into Hillalong coal project

Sumitomo buys into Hillalong coal project

Japanese conglomerate Sumitomo Corporation is putting its money behind the Hillalong coking coal project, about 105km west-southwest of Mackay. Project owner Bowen Coking Coal says Sumitomo has agreed to farm-in terms relating to the project. A non-binding term sheet executed between company subsidiaries will allow Sumitomo to earn an initial 10 per cent interest by funding…

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