Anglo American’s A$1.6bn coal sale: What this game-changing move means for the industry

Anglo American’s A$1.6bn coal sale: What this game-changing move means for the industry

Anglo American, a global mining giant, has announced a landmark decision to sell its 33.3% minority stake in Jellinbah Group Pty Ltd for A$1.6 billion (approximately US$1.1 billion). The buyer, Zashvin Pty Ltd, an existing shareholder, has secured this substantial acquisition, marking a significant shift in the Australian coal industry and Anglo American’s strategic operations. […]

Arch Resources and CONSOL Energy to create coal giant through $5.2bn merger

Arch Resources and CONSOL Energy to create coal giant through $5.2bn merger

In a groundbreaking development that could redefine the coal industry in North America and beyond, Arch Resources, Inc. and CONSOL Energy Inc. have announced a definitive agreement to merge in an all-stock transaction, creating a new entity named Core Natural Resources. This merger, set to close by the first quarter of 2025, marks a pivotal […]

South32 to sell Illawarra Metallurgical Coal to Golden Energy and Resources and M Resources

South32 to sell Illawarra Metallurgical Coal to Golden Energy and Resources and M Resources

In a significant development within the mining and resources sector, South32 (ASX:S32), a global mining and metals company, has entered into an agreement to sell its Illawarra Metallurgical Coal operations to a consortium led by Golden Energy and Resources (GEAR) and M Resources. The deal, valued at up to US$1.65 billion, marks a pivotal move […]

Stanmore Resources to acquire South32’s stake in Eagle Downs coal project

Stanmore Resources to acquire South32’s stake in Eagle Downs coal project

Stanmore Resources Limited (ASX: SMR) has announced the signing of a definitive sale and purchase agreement with a wholly-owned subsidiary of South32 Limited to acquire a 50% interest in the Eagle Downs metallurgical coal project. This significant transaction also includes a 100% interest in Eagle Downs Coal Management Pty Ltd (EDCM) and associated assets, marking […]

BHP, Mitsubishi to sell Blackwater and Daunia coal mines to Whitehaven Coal

BHP, Mitsubishi to sell Blackwater and Daunia coal mines to Whitehaven Coal

In a significant mining transaction, BHP and Mitsubishi Development Pty Ltd (MDP) have inked Asset Sale Agreements for the divestment of the Blackwater and Daunia mines. These mines are integral to the BHP Mitsubishi Alliance (BMA) metallurgical coal joint venture in Queensland, where both BHP and MDP have an equal 50% stake. Breaking Down the […]