14 February 2019
Winfield Energy Pty Ltd is pleased to announce the acquisition of a 12.5% interest in the Rolleston Mine in the Bowen Basin in Queensland via the 100% acquisition of ICR Australia Pty Ltd and ICRA Rolleston Pty Ltd from ITOCHU Corporation.
John Canavan, Managing Director, stated that “The Rolleston Mine is a well capitalised, well managed coal mine with a dedicated and enthusiastic workforce and we are excited to work with our JV partners in sustaining the impressive and well-deserved safety, environmental, and economic reputation of the mine”.
Winfield Energy is a subsidiary of Winfield Group Investments Pty Ltd (WGI), a privately held Australian company.
Rob Hammond, Chairman of WGI, stated that “This acquisition sets a solid foundation for our company, and will enhance our future growth and performance in the Australian mining industry”.