Insight
South32 consolidates Illawarra with acquisition of Peabody's Metropolitan
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
South32 has agreed to acquire Peabody Energy's Metropolitan coking coal mine in New South Wales and the associated 16.67% interest in Port Kembla Coal Terminal (PKCT) for US$200 million in cash. This is South32's first deal to buy an operating mine since it was spun out of BHP Billiton in 2015.
Table of contents
- Overview
- Deal summary
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Location map
- Coal assets
- Deal analysis
- Upside and risks
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Strategic rationale
- South32
- Peabody Energy
Tables and charts
This report includes the following images and tables:
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Key factsSouth 32 Illawarra coal mines and Peabody's Metropolitan coal mineSummary valuation
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South32 consolidates Illawarra with acquisition of Peabody's Metropolitan: Table 5Deal-implied long-term HCC prices (real 2016 terms) vs. Argus HCC monthly average pricingEconomic assumptionsValuation sensitivity - Price (US$M)Key assetsMarketable reservesProductionCash costs trend (A$/tonne)2016
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What's included
This report contains:
