Kumba signs agreement with Anglo American
According to the statement released by Kumba Resources, the company has signed an agreement with Anglo American Plc to develop Queensland
coking coal mine.
In line with the deal, Anglo Coal
Australia (Anglo Coal) and Kumba
Australia Pty Ltd (Kumba) will develop the
coking coal mine in Queensland,
Australia. Moreover, the deal covers joint development of Kumba's Moranbah South Mining Development Lease (MDL) and Anglo Coal's Grosvenor Lease.
Anglo Coal will fund the exploration project, which will commence soon.