Global coal M&A September 2023: Miners capitalize on record pricing, fueling deal revival
In 2022, the pace of deal-making decelerated as coal miners sought to take advantage of the unprecedented increase in coal prices. A strong balance sheet has motivated coal miners to look for inorganic growth opportunities and business diversification away from coal. Moreover, the miners are increasingly shifting focus towards metallurgical coal. Deal pipeline remain robust with several multi-billion dollars asset up for sale.