Acquisition of Rio Tinto’s coal mines made Yancoal arguably Australia’s most indebted company five years ago. Now it’s cashed up and ready to buy BHP’s mines.
BHP chief Mike Henry says coking coal remains in BHP’s long-term plans but only the elite, hard coking coals that will survive longest in a low carbon world.
Mosman Oil and Gas has confirmed that it has now received a Sacred Site Clearance Certificate for EP 145, situated in the Amadeus Basin, from the Central Land Council. The Amadeus Basin is considered one of the most prospective onshore areas in the Northern Territory of Australia for both conventional and unconventional oil and gas, as well as Helium and Hydrogen.