The Conversation (0)
Mining Weekly reported that Cliffs Natural Resources subsidiary Cliffs Australia Coal completed the sale of their 45% interest in the Sonoma coal mine, to JV partners QCoal Sonoma and JS Sonoma (JSS).
Mining Weekly reported that Cliffs Natural Resources subsidiary Cliffs Australia Coal completed the sale of their 45% interest in the Sonoma coal mine, to JV partners QCoal Sonoma and JS Sonoma (JSS).
As quoted in the market report:
Cliffs divested its interests in the Sonoma mine along with its ownership of the wash plant by selling 90% of its interest to QCoal and the remaining 10% to JSS for about A$141-million in cash.