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Peabody advised on sale of coking coal deposit

Peabody Australia has been advised in relation to its sale of the Wotonga South project to Stanmore Coal.

June 15, 2018 • By Jerome Doraisamy
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Firm: Corrs Chambers Westgarth (Peabody Australia); unknown (Stanmore Coal).

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Deal: Peabody has agreed to sell the Wotonga South coking coal deposit to Stanmore Coal for $30 million in cash, plus a production-based royalty capped at around $10 million.

 
 

Value: $30 million.

Area: Energy, resources and projects.

Key players: The Corrs team was led by partner Bruce Adkins, who was assisted by special counsel Stuart Clague and graduate lawyer Caitlin McPhee.

Deal significance: “I am honoured to have acted for Peabody on their M&A transactions over a number of years, and delighted to have assisted them once again,” Mr Adkins said.

 

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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