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Mar 23, 2018

Whitehaven to pay $200m for Winchester South

Whitehaven to pay $200m for Winchester South

Whitehaven Coal will take on Rio Tinto’s 75 per cent interest in the Winchester South coal development project, 30km south-east of Moranbah, for $200 million. Total consideration is comprised of $150 million payable to Rio Tinto by Whitehaven on the date of completion and a further unconditional payment of $50 million payable 12 months after the…

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