The companies will create a joint venture that aims to build China’s first multi-gasifier underground coal gasification (UCG) operation six months after binding legal agreements are signed.
Golden Concord will also pay A$120 million (US$123.8 million) to take a 5% stake in Linc, worth about A$4.50 per share as part of the deal, which Linc chief executive Peter Bond said he was pleased to see.
“Importantly
