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

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.