Insight
Growing confidence in thermal coal? Thungela snaps up Ensham
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
-
Executive summary
- Deal summary and funding
- Implications
- Asset summary
Tables and charts
This report includes 5 images and tables including:
- 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:
Other reports you may be interested in
14 February 2023
Coal asset report - Ensham coal mine - Feb 2023
Asset Report
Coal asset report - Ensham coal mine - Feb 2023
A detailed analysis of the Ensham coal mine.
$2,55006 March 2023
China coal short-term outlook February 2023
Commodity Market Report
China coal short-term outlook February 2023
Surging PMI in February exceeded expectations and injected hope into the market.
$2,00031 December 2022
Coal asset report - Tadjahan Antang Mineral - Dec 2022
Asset Report
Coal asset report - Tadjahan Antang Mineral - Dec 2022
A detailed analysis of the Tadjahan Antang Mineral mine.
$2,550
