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Australian coal M&A update November 2018: Stanmore, New Hope and Yancoal in focus

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28 November 2018

Australian coal M&A update November 2018: Stanmore, New Hope and Yancoal in focus

Report summary

A flurry of coal transactions have been announced in Australia over the past week, cementing the country as this year's coal M&A hot-spot. In our Global coal M&A wrap up in August, we reported that global coal spend (excluding China and India) had reached US$5.6 billion, with Australia's share at 94%. Since then a handful of additional deals have pushed this year's tally to over US$6 billion. Most recently, we've seen three distinct transactions spanning both thermal and metallurgical coal assets in New South Wales and Queensland. The surprise announcement came from Indonesia's Golden Energy which has made a bid to acquire Australia's Stanmore Coal for US$172 million.

Table of contents

    • Stanmore Coal rejects unsolicited bid from Golden Investments
    • Bengalla JV reshuffle: New Hope to purchase Mitsui's 10% interest, while Taipower exercises pre-emptive rights
    • Yancoal to increase coal equity output after agreeing to purchase KORES' 4% stake in Moolarben Complex

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    Australian coal M&A update November 2018: Stanmore, New Hope and Yancoal in focus

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