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Global coal M&A activity May 2021: ESG commitments bolster pipeline
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Global M&A coal spend (ex. China and India) rebounded to US$3.5 billion in 2020. A resurgence in deal confidence was somewhat surprising given the impact of COVID-19 and heightened price volatility. Russia was in the spotlight, accounting for 80% of deal value and a quarter of all deals. The rally in coal prices has continued to support M&A in the first four months of 2021. Growing climate concerns and a re-think on portfolio strategy and ESG policy has seen deals added to the pipeline as more parties set exit dates on their coal exposures. Read on to: * understand the latest strategic objectives of buyers and sellers in the market * download our Coal M&A pipeline with over US$11 billion in value across 102 potential deals * download our Coal M&A dataset for over 450 historical transaction records back to 2009
Table of contents
- Thermal coal: Minority partners sell stakes to operators, buyer pool remains limited
- Coking coal: Russia's A-Property makes a bold entrance with Elga and Sibanthracite purchases, targets growth
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Outlook: Progress on existing processes, JV interests up for sale
- Thermal coal:
- Metallurgical coal:
Tables and charts
This report includes the following images and tables:
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Deal-implied long-term benchmark thermal coal prices vs Newcastle (6,000 nar) export thermal coal spot priceDeal-implied long-term benchmark metallurgical coal prices v Queensland HCC coal spot priceDeal pipeline value (by region)Number of deals in pipeline by coal type
What's included
This report contains:
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