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Peabody advised on sale of coking coal deposit
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Peabody advised on sale of coking coal deposit

For sale

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

Firm: Corrs Chambers Westgarth (Peabody Australia); unknown (Stanmore Coal).

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.

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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.

 

Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is a senior writer for Lawyers Weekly and Wellness Daily at Momentum Media.

Jerome is an admitted solicitor in New South Wales and, prior to joining the team in early 2018, he worked in both commercial and governmental legal roles and has worked as a public speaker and consultant to law firms, universities and high schools across the country and internationally. He is also the author of The Wellness Doctrines self-help book series and is an adjunct lecturer at the University of Western Australia.

Jerome graduated from the University of Technology, Sydney with a Bachelor of Laws and Bachelor of Arts in Communication (Social Inquiry).

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

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