Inform
New Hope buys a further 40% stake in Bengalla from Wesfarmers
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Report summary
New Hope has announced that it has reached an agreement with Wesfarmers to buy a further 40% interest in the Bengalla coal mine for A$860 million (US$658 million). We estimate that the deal was struck at fair value and represents a long-term benchmark thermal coal price of US$85/tonne for the transaction. The deal signals Wesfarmers’ exit from coal, while New Hope continues to strengthen its position in the Australian and global seaborne export coal sectors.
Table of contents
- Deal provides New Hope with more high-energy thermal options and marks Wesfarmers’ exit from coal
Tables and charts
This report includes 2 images and tables including:
- Key facts
- New Hope's export coal production profile after the deal is completed
What's included
This report contains:
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