COAL
ASX-listed Wesfarmers on Monday reported that all conditions precedent for the A$700-million sale of its Curragh coal mine, in Queensland, had been met, clearing the way for the transaction to be completed this week.
Wesfarmers in December struck a deal with US coal producer Coronado Coal Group to divest of its mine. The transaction also included a value share mechanism linked to future metallurgical coal prices.
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