Insight
Stanmore to become 7th largest metallurgical coal exporter
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 8 November, Australia’s Stanmore Resources entered into an agreement to acquire BHP's 80% stake in BMC. BMC comprises the South Walker Creek ultra-low-vol PCI mine, the Poitrel semi-hard coking coal and high-vol PCI mine coal along with an undeveloped premium mid-vol hard coking coal project, Wards Well. Consideration for the deal comprises US$1.2 billion in cash with an additional contingent payment of up to US$150 million subject to coal prices. The acquisition is a bold bet by Stanmore to transform itself into a mid-tier metallurgical coal producer, ranking 7th largest among seaborne exporters by 2023.
Table of contents
- Executive summary
- Deal summary and funding
- Asset summary
Tables and charts
This report includes the following images and tables:
- Key facts
- Economic assumptions
- Deal-implied prices and benchmark HCC prices
- Production pro-forma, attributable basis (by mine)
- Top 15 seaborne metallurgical coal exporters 2023 (attributable)
- Asset map
What's included
This report contains:
Other reports you may be interested in
Insight
Fire at Core's Leer South coal mine sours Arch-CONSOL merger completion
A mid January fire closes Core Resources' underground Leer South metallurgical coal mine in mid January 2025
$1,100
Asset Report
Alpha Metallurgical Resources - Appalachia coal mines
A detailed analysis of Alpha Metallurgical Resources' coal mines.
$2,550
Asset Report
Kuzbassrazrezugol coal mines
A detailed analysis of the Kuzbassrazrezugol coal mines.
$2,550
