{"id":1182226,"date":"2020-05-04T13:54:00","date_gmt":"2020-05-04T18:54:00","guid":{"rendered":"https:\/\/www.mining.com\/?p=1022678"},"modified":"2020-05-04T13:54:00","modified_gmt":"2020-05-04T18:54:00","slug":"sumitomo-moves-ahead-with-hillalong-coal-jv","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1182226","title":{"rendered":"Sumitomo moves ahead with Hillalong coal JV"},"content":{"rendered":"<p>Sumitomo and Bowen Coking Coal<a href=\"https:\/\/www.investi.com.au\/api\/announcements\/bcb\/b36afe1e-1c1.pdf\"  rel=\"noreferrer noopener\" aria-label=\" announced Monday (opens in a new tab)\"> announced Monday<\/a> they have elected to proceed with an earn-in at the Hillalong joint venture, in Queensland.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The Japanese major struck first a formal farm-in agreement in November 2019 with Bowen, under which Sumitomo would earn an initial 10% interest in the project by funding A$2.5-million of exploration expenditure, with the right to earn an additional 10% by further funding A$5-million.<\/p>\n<p>&#8220;We are extremely pleased with the move towards a joint venture with a very capable partner like Sumitomo,&#8221; Bowen Coking Coal managing director Gerhard Redelinghuys said.<\/p>\n<p>&#8220;Not only does it demonstrate confidence in Hillalong\u2019s potential, but it also formalises the relationship to achieve the future milestones in the development of the project,\u201d he added.  <\/p>\n<p>Bowen Coal will provide an update on the Phase 1 exploration program at Hillalong in the coming days. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese major will earn an initial 10% interest in the project under an agreement with Bowen Coal.<\/p>\n","protected":false},"author":110,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,2640],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1182226"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/110"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1182226"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1182226\/revisions"}],"predecessor-version":[{"id":1182447,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1182226\/revisions\/1182447"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1182226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1182226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1182226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}