Linc selling conventional coal assets

Singapore

LINC Energy is selling all of its conventional coal assets to United Queensland Resources, which is part of the United Mining Group, for about A$5 million.

"The sale of our conventional coal exploration, development and mining business in Queensland to the United Mining Group continues to deliver on our strategy of refocusing Linc Energy on our core business of conventional and unconventional oil and gas," Linc Energy's CEO & managing director Craig Ricato said.