Pembroke Resources to buy majority of Olive Downs Complex
Pembroke Resources, which is backed by Denham Capital, said May 9 that it has agreed to buy 87.3 percent of the Olive Downs Complex for total consideration of 120 million Australian dollars ($88.2 million). The sellers are Peabody Energy Inc and CITIC Resources Holdings Ltd. The Olive Downs Complex comprises Olive Downs South (ODS), Willunga, and Olive Downs North (ODN), with rights to four Exploration Permits for Coal and two Mine Leases (both for ODN).
10 May 2016•2 mins read
