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South32 buys half of BaoWu's Eagle Downs

Miner will operate the project and proposes to complete a final feasibility study

Jacqueline Holman and Michael Quinn
South32 and China BaoWu Steel Group have agreed to share the Eagle Downs project in Queensland

South32 and China BaoWu Steel Group have agreed to share the Eagle Downs project in Queensland

The diversified miner will become the operator of the project, with a further $27 million payable to BaoWu in three years, as well as royalty payments capped at $80 million. The remaining 50% will continue...

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