find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Corrs, Clayton Utz, advise on Surat Basin deal

Corrs, Clayton Utz, advise on Surat Basin deal

Corrs Chambers Westgarth and Clayton Utz have advised on Stanmore Coal’s agreement with Queensland Coal Corporation to buy mining tenements in Surat Basin.

Corrs Chambers Westgarth and Clayton Utz have advised on Stanmore Coal’s agreement with Queensland Coal Corporation to buy mining tenements in Surat Basin.

Corrs advised Stanmore Coal in relation to the agreement, under which Stanmore will swap its Altamondt tenement for QCC’s EPCs 1274 and 1276, which are located near Brookfield and Eurombah, and adjacent to Xstrata’s Wandoan coal project, in the Surat Basin.

The Corrs team was led by partner Bruce Adkins, who was supported by senior associate Nathan Zaseybida.

Corrs partner Bruce Adkins said, “This transaction represents a material increase in Stanmore’s coal tenements in the Surat Basin region, and is of strategic significance to Stanmore’s current tenement holding in the Surat given its proximity to the proposed Surat Basin Rail line and Stanmore’s existing tenements.”

Clayton Utz advised Queensland Coal Corporation.

The tenements to be acquired by Stanmore Coal cover a combined area of 1,371 km2, which is more than Stanmore’s entire pre-existing tenement area of 1,167 km2.

Corrs said Stanmore believes the tenements are highly prospective, with over 5.6 billion tonnes of JORC resources defined in adjacent areas.

Stanmore’s Managing Director, Nick Jorss, the acquisition creates the potential for a pipeline of Surat projects to build on the 5Mtpa of thermal coal planned from The Range from late 2015. 

“The prospective targets defined on EPC’s 1274 and 1276 support the company’s plans to develop additional, cost competitive, open cut mines that will capitalise on our strong position in respect of planned port and rail infrastructure”.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Corrs, Clayton Utz, advise on Surat Basin deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
microphone
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
protest
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Blocked
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...