Linc Sells Galilee Coal Tenement for 3.0 Billion dollars

摘要

Line Energy Chief Executive Officer Peter Bond today announced the sale of one of his Company's non-core coal tenements in the Galilee Basin in northwest Queensland to Adani Mining Pty Ltd, a subsidiary of Adani Enterprises Ltd, for 500 million Australia dollars in cash and a 2 dollars per tonne royalty (indexed for C.P.I.) for the first twenty years of coal production, creating a total cash stream of approximately 3.0 billion dollars.