Global coal corporate activity - A review of 2013 and outlook for 2014
Announced coal transaction spend increased 10% in 2013 to US$8.6 billion, after a stronger second-half that accounted for 80% of the total. The recovery however, is still fragile - had it not been for two deals in excess of a billion dollars in the United States and Australia, deal spend would have halved. The continued fall in thermal and metallurgical coal prices weighed on confidence to undertake deals. The number of deals announced however, increased significantly.
Table of contents
Global spending up 10% in 2013, smaller deals in focus
Thermal coal operating asset sales dominate, project acquisition spend at five year low