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New consortium buys into Central Queensland coal operations
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New consortium buys into Central Queensland coal operations
Bowen Basin coal mines in Queensland. Image: Jason Bennee/stock.adobe.com Argo Queensland, a new entity backed by a consortium of European and Japanese investors, has acquired a 70 per cent stake in Fitzroy Australia Resources. AMCI Group, a privately held investment firm, sold its controlling interest for an undisclosed sum. The deal, brokered through a Queensland Government trade mission, will breathe new life into three long-term coal mining …
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