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Wilkie Creek - betting on a thermal coal price rebound

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22 May 2014

Wilkie Creek - betting on a thermal coal price rebound

Report summary

In May 2014 Peabody struck a conditional deal to sell its Queensland thermal coal asset Wilkie Creek to the Nathan Tinkler controlled Bentley Resources. In the current environment dominated by margin pressure, cost cutting and mine closures, this is an interesting deal where the buyer is prepared to gamble on a rebound in thermal coal prices. We estimate a benchmark thermal coal price of more than US$87/ tonne is required to make the deal NPV positive.

Table of contents

  • Wilkie Creek costs and implied prices

Tables and charts

This report includes 1 images and tables including:

  • Wilkie Creek - betting on a thermal coal price rebound: Table 1

What's included

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    Wilkie Creek - betting on a thermal coal price rebound

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