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Stanmore to become 7th largest metallurgical coal exporter

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09 November 2021

Stanmore to become 7th largest metallurgical coal exporter

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 6 images and tables including:

  • 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:

  • Document

    Stanmore to become 7th largest metallurgical coal exporter.xlsx

    XLSX 173.78 KB

  • Document

    Stanmore to become 7th largest metallurgical coal exporter

    PDF 1.37 MB