Global coal M&A activity May 2021: ESG commitments bolster pipeline

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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

Tables and charts

This report includes 4 images and tables including:

  • Deal-implied long-term benchmark thermal coal prices vs Newcastle (6,000 nar) export thermal coal spot price
  • Deal-implied long-term benchmark metallurgical coal prices v Queensland HCC coal spot price
  • Deal pipeline value (by region)
  • Number of deals in pipeline by coal type

What's included

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    global coal ma activity May 2021 final.xlsx

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    Global coal M&A activity May 2021: ESG commitments bolster pipeline

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