Insight
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:
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