Anglo American sells coal assets to Peabody for $3.8bn
The move is the first of four big asset divestments Anglo announced in May, after it fought off a $49bn hostile takeover attempt from BHP.
What oil is to the Middle East, coal seam gas could be to southwest Queensland as a $250 million project opened on Wednesday to tap the seemingly unlimited supplies of the clean, green fossil fuel.
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Queensland Energy Minister Stephen Robertson, who officially opened the Taloona plant at Spring Gully, near Roma, said the Queensland stores of Cola Seam Gas (CSG) were virtually inexhaustible and were a boon to the entire nation….more at The Western Australian
