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Monday, June 6, 2011

Coal mine changes hands

THE lease on the Langloh coal mine near Hamilton has changed hands. Leaseholder Spitfire Resources today announced that it had sold its Tasmanian interests to Advaita Power Resources for $1.5 million cash.

Spitfire managing director John Mackenzie said he was pleased to have concluded an agreement with a specialised coal-focused company to purchase the Tasmanian assets, enabling Spitfire to concentrate on its manganese project in Western Australia.

NineMSN has more here.
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