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Coal heavyweight advised on joint exploration and support agreement
A national firm has advised a coal company on its joint exploration and support agreement with a Japan-headquartered oil, gas and metals corporation.
Emma Musgrave
Firm: Corrs Chambers Westgarth
Value: $3 million
Area: Energy
Key players: The Corrs Chamber Westgarth legal team was led by partner Bruce Adkins (pictured) and supported by special counsel Stuart Clague.
Deal significance: Under the Joint Exploration and Support Agreement (JESA), Stanmore Coal will receive $3 million to accelerate exploration, approvals and studies for its Isaac Plains East open cut project and Isaac Plains underground project, according to a statement from Corrs.
In exchange, Stanmore Coal will provide Japan Oil, Gas and Metals National Corporation (JOGMEC) with an annual right to tender a portion of the coking coal produced from the Isaac Plains projects to end users in Japan.
The annual right is to be split between coal produced from each Isaac Plains project, meaning it is contingent on each project reaching commercial production, the firm said.
Corrs also noted that the agreement is subject to approval from the Foreign Investment Review Board.
“The Corrs team is pleased to have worked with Stanmore Coal on this transaction with JOGMEC, which supports the development of the Isaac Plains East and Isaac Plains Underground projects,” Corrs partner Bruce Adkins said.
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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