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Friday
19 September 2014
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Sumitomo completes purchase of Isaac Plains interest

JAPANESE conglomerate Sumitomo Corp has purchased half of Aquila Resources’ Isaac Plains hard coking coal mine in Queensland for $430 million, indicating it wants to expand its presence in the local coal industry beyond its current 10% share in Xstrata’s Newlands and Collinsville mines.



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[RELATED STORY]
-Vale moves to buy out Belvedere for $150M
-John Holland MoU for $200M Isaac Plains extension
-Vale lets Isaac Plains option lapse
-Eagle Downs Aquila’s ‘jewel in the crown’
-Isaac Plains ramps up production
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Aquila's Isaac Plains mine.



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