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Aston Resources to Sell $357 Million Coal Project Stake to J-Power
Oct. 03, 2011 01:43PM PST
Industrial MetalsBloomberg 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.
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