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Jan 07, 2022

Stanmore Resources raises funds to buy the ‘B’ in BMC

Stanmore Resources raises funds to buy the ‘B’ in BMC Blast at Poitrel, one of the operations to be taken over by Stanmore Reources

Stanmore Resources’ strategy for the purchase of BHP’s interest in BHP Mitsui Coal (BMC) is almost complete. Stanmore has secured US$625 million funding for the buy out. The Debt Facility is described as ‘a senior secured, first-lien amortising loan note facility which matures five years from first utilisation.’ Stanmore Resources owns and operates the Isaac…

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