WESTERN Australia's major coal mines will be in foreign hands if regulators approve the planned sale of Wesfarmers' Premier operation to a Chinese miner for $296.8 million.
The diversified conglomerate will trim back its coal business to two mines with the sale of the Premier thermal coal mine in WA's south west region to Yancoal Australia, a subsidiary of China's Yanzhou Coal Mining Company.
Wesfarmers spokesman Alan Carpenter said the Perth-based retail and resources group remained committed to its other two coal mines, the Curragh metallurgical and thermal coal project in Queensland and the Bengalla thermal coal operation in NSW.
Townsville Bulletin (29/9)
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