Insight
| |
7 Pages

Global coal corporate activity: 2014 in review and what to look for in 2015


Global coal corporate activity: 2014 in review and what to look for in 2015

Report summary

Announced spend on coal transactions fell by 59% in 2014 to a total of US$3.5 billion as both metallurgical and thermal coal prices fell throughout the year.  Smaller deals were the theme of 2014 with an average deal spend of US$83 million despite the massive fall in total spend, the number of transactions only fell by 20%.  We expect deal activity to rebound in 2015, but remain low in absolute value terms compared with prior years.

What's included?

This report includes 2 file(s)

  • Global coal corporate activity: 2014 in review and what to look for in 2015 PDF - 2.98 MB 7 Pages, 3 Tables, 4 Figures
  • global coal corporate activity 2014 in review and what to look for in 2015.xls XLS - 2.64 MB

Description

This Coal Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

Participants, suppliers and advisors can use it to look at the trends, risks and issues within the coal industry and gain an alternative point of view when making decisions.

Wood Mackenzie is the only coal industry service provider that offers a market outlook integrated with other sector analyses, including macroeconomics, coal supply, steel markets and gas and power markets.

Our coal analysts are based in the markets they analyse. They work with objective, proprietary data to help you maximise your current and future decision making. From market dynamics to trade patterns, we give you confidence in your strategic planning.

  • Global spending on coal assets plummets
  • Operating assets are still the favoured type of transaction
  • Thermal coal asset sales remain popular
  • Discounts in 2014 even greater than those of 2013
    • Average premiums/discounts paid by region compared to GEM valuation
  • Implied thermal prices lag the spot market while implied metallurgical prices spread out
    • Implied long-term (adjusted) coal price (deal by deal) vs. Newcastle export thermal coal spot price
  • Stabilising prices and buyer interest points to a rebound in 2015

In this report there are 7 tables or charts, including:

  • Global spending on coal assets plummets
    • Global coal corporate activity: 2014 in review and what to look for in 2015: Table 1
  • Operating assets are still the favoured type of transaction
    • Global coal corporate activity: 2014 in review and what to look for in 2015: Table 2
  • Thermal coal asset sales remain popular
    • Global coal corporate activity: 2014 in review and what to look for in 2015: Table 3
  • Discounts in 2014 even greater than those of 2013
    • Global coal corporate activity: 2014 in review and what to look for in 2015: Image 2
  • Implied thermal prices lag the spot market while implied metallurgical prices spread out
    • Global coal corporate activity: 2014 in review and what to look for in 2015: Image 3
  • Stabilising prices and buyer interest points to a rebound in 2015
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.