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Coal-fired land sale set to net Shenhua more than $120m

Martin Kelly
Martin KellyReporter

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One of Australia’s most contentious rural land holdings is on the market less than three months after the NSW government paid Shenhua Watermark Coal $100 million to walk away from government mining approvals.

In the final chapter of a saga dragging on for more than a decade, Shenhua has appointed CBRE Agribusiness to sell the 16,570 hectare landholding it assembled near Gunnedah in north-west NSW to build an open-cut mine.

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Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments. Email Martin at martinkelly@afr.com

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    Original URL: https://www.afr.com/property/commercial/coal-fired-land-sale-set-to-net-shenhua-more-than-120m-20210709-p588do