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May 04, 2020

Sumitomo opts in for Hillalong coal joint venture

Sumitomo opts in for Hillalong coal joint venture

Japanese conglomerate Sumitomo Corporation has stepped up its commitment to the Hillalong coking coal project near Glenden in the Bowen Basin. Sumitomo has completed $2.5 million in payments under its farm-in agreement with project owner Bowen Coking Coal. Bowen Coking Coal said today that the agreement was now proceeding to a joint venture, after Sumitomo…

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