India ties help secure major Bowen Basin investment and protect Queensland coal jobs - The Indian Sun

India ties help secure major Bowen Basin investment and protect Queensland coal jobs - The Indian Sun

Queensland’s latest resources deal has taken shape through deepening ties with India, with the State Government confirming that negotiations during Premier David Crisafulli’s recent trade mission to India and Japan played a central role in securing a major international investment in the Bowen Basin. The agreement will see Argo Queensland acquire a 70 per cent stake in Fitzroy Australia Resources, locking in long-term operations at the Broadlea,…

Argo signals intent as new coal sector force

Private mining company Argo QLD has acquired a 70 per cent stake in Bowen Basin miner Fitzroy Australia Resources and become the controlling entity.   A recent Queensland trade mission helped broker the deal, set to deliver major new investment into the Broadlea, Carborough Downs and Ironbark coal operations, according to Premier David Crisafulli. Mr Crisafulli said the deal would secure the future of more than 1000 employees, contractors and su…