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Stanmore buys BHP coal mines for $US1.2b – The Australian Financial Review
The Queensland coal junior is the latest company to buy assets worth more than its own market capitalisation in a massive year…
Stanmore Coal will spend almost six times its market capitalisation to buy two BHP coking coal assets under a $US1.2 billion deal that would transform the company into a significant player in the Australian coal sector.
Shareholders in Stanmore will be…
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