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JFE Steel takes stake in Byerwen for US$550m

Finance

JFE Steel takes stake in Byerwen for US$550m
Publishing Date
18 Dec 2009 10:56am GMT
Issue/Supplement
18/12/09
Author
BLAKE WILSHAW
Japanese steel-maker JFE Steel Corp has paid US$550 million for a 30% stake in the Byerwen coal project in Queensland’s Bowen Basin. JFE also agreed to a long-term, 2Mt/y coking-coal offtake agreement with the majority owner, private company QCoal Pty Ltd.

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