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    coal investing

    Aston Resources to Sell $357 Million Coal Project Stake to J-Power

    Investing News Network
    Oct. 03, 2011 01:43PM PST
    Industrial Metals

    Bloomberg reported that Electric Power Development Co. Ltd. (TYO:9513) will buy a 10% stake in Aston’s (ASX:AZT) Maules Creek coal project.

    Bloomberg reported that Electric Power Development Co. Ltd. (TYO:9513) will buy a 10% stake in Aston’s (ASX:AZT) Maules Creek coal project.

    As quoted in the market news:

    The stake sale includes a long-term thermal coal offtake agreement with J-Power, subject to agreement by Itochu, Aston said in the statement. Itochu also has a right to match the terms of the asset sale agreement, Aston said.

    Click here to read the full Bloomberg report.

    coal investingofftake agreementasx:azt
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