Insight
Growing confidence in thermal coal? Thungela snaps up Ensham
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In early February, Thungela and its co-investors (Audley and Mayfair) agreed to buy Idemitsu’s 85% stake in Ensham Resources for A$340 million (US$229 million). The transaction signals Thungela’ s first step out of South Africa as it looks to establish itself as a global thermal coal producer. For Idemitsu, looking to reduce its carbon footprint, the sale represents a responsible exit to a listed group.
Table of contents
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Executive summary
- Deal summary and funding
- Implications
- Asset summary
Tables and charts
This report includes the following images and tables:
- Key facts
- Economic assumptions
- Deal-implied prices and benchmark export thermal coal prices
- Thungela's pro-forma total thermal coal export production (by mine)
- Ensham location map
What's included
This report contains:
