CSG

Molopo exits China

MOLOPO Australia has sold its non operated 26.1% interest in the Liulin coal seam gas project in China's Shanxi province to Fortune Oil for $US6 million ($A6.4 million) as part of its strategy to divest noncore assets.

Marija Stojkovic

Under the sale, Molopo will receive $US4 million in cash and $US2 million in Fortune Oil shares which are listed on the London Stock Exchange. Managing director Stephen Mitchell said the sale of the...

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