Aquila negotiates Washpool sale
Aquila Resources says it is in advanced negotiations with an Indian consortium regarding the sale of its Washpool coal project in Queensland but is yet to receive an acceptable offer.
An Indian group of five state-owned metals and mining companies (International Coal Ventures Limited-ICVL) has agreed to a $301 million deal, but delays in getting Indian government approval were holding up the process, according to news reports.
I'd like to register please
8 free articles per month + business email alerts twice daily
us on +61 8 9288 2100 during WST office hours