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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

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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