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Johnson Winter & Slattery (JWS) has advised Peabody on its sale to MetRes of the Millennium coal mine, a metallurgical coal mine located near Moranbah, Queensland. MetRes is a 50/50 joint venture between Stanmore Coal and M Resources (a Matt Latimore company).
Stuart Clague, Energy & Resources Partner, said “Having worked with Peabody for the last decade, we are delighted to have advised Peabody on the sale of the Millennium coal mine to Stanmore and M Resources.”
The JWS team was led by Energy & Resources Partners Bruce Adkins and Clague, assisted by Senior Associate, Jarrod Wilksch, and Associate, Haerim Nam. Finance Partner, Craig Wappett, also assisted on the royalty arrangements.