Brief: Chapmans
Corporate snapshot for Chapmans
Chapmans has entered a conditional agreement through its 78 per cent-owned subsidiary, Hallmark Minerals, with 22 per cent held by Southern Cross Exploration, to acquire an initial 10 per cent interest in the share capital of an overseas company controlling a start-up coalmining project in Indonesia.
Hallmark Minerals will also be entitled to a royalty payment per tonne of coal mined and sold.
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