QCoal to Take over Assets Owned by Bounty Mining

摘要

It has become obvious that QCoal Pty Ltd., a coal mining company in Australia has been moving to take over the assets owned by a failed company, Bounty Mining Limited. If the approvals are obtained from the respective authorities concerned, the takeover of these assets are anticipated to be completed within May. By taking over the assets owned by Bounty Mining, QCoal will acquire not only Cook Colliery, a metallurgical colliery in the State of QLD but also the various facilities including the coal handling and preparation plant (CHPP) belonging to this colliery as a single package.