Linc Energy Ltd
(ASX:LNC) has confirmed that it has received offers for three coal assets it has been wanting to divest.
The underground coal gas company says it has been working with various parties in the due diligence process to progress the offers to formal binding sales agreements.
On Thursday Linc said it was in negotiations regarding the sale of its non-core Queensland assets.
Media reports claimed the company was considering a deal with India’s Adani Enterprises.
Linc says it will announce the coal sale transactions in due course.
Linc Energy reported a $42.18 million loss for the year ending 30 June 2009.
