Global coal corporate activity: 2014 in review and what to look for in 2015
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.
Table of contents
Global spending on coal assets plummets
Acquisition spend by deal and target region
Operating assets are still the favoured type of transaction