South32 still hunting for a buyer for Eagle Downs

Diversified miner South32 is still hunting for a buyer for its interest in the Eagle Downs metallurgical coal project, in Queensland.

South32 in 2018 completed the acquisition of a 50% interest in Eagle Downs project, paying A$106-million up-front, with a further A$27-million payable three years after the transaction. A coal-price linked production royalty was also implemented, capped at A$80-million.