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Baker Steel's new coal royalty should provide 'long-term and significant cash flow'

Mining Capital's Alastair Ford discusses Baker Steel Resources Trust LTD's (LON:BSRT) move to acquire a 0.75% gross revenue royalty on future coal production from the Wilton and Fairhill projects in Queensland, Australia.

The consideration is A$6mln.

For an additional A$2mln, Baker Steel can also acquire an additional 0.25% once production reaches 2mln tonnes.

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