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 … Continue reading Sumitomo buys into Hillalong coal project